Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings per Share

Basic and Diluted Earnings per Common Share

Note 14 Earnings Per Share
Table 125: Basic and Diluted Earnings per Common Share
					Three months ended				Nine months ended
					September 30				September 30
In millions, except per share data					2012		2011		2012		2011
Basic
	Net income			$	925	$	834	$	2,282	$	2,578
	Less:
			Net income (loss) attributable to noncontrolling interests		(14)		4		(13)		(2)
			Preferred stock dividends and discount accretion		63		4		127		33
			Dividends and undistributed earnings allocated to nonvested restricted shares		5		4		10		10
	Net income attributable to basic common shares			$	871	$	822	$	2,158	$	2,537
	Basic weighted-average common shares outstanding				526		524		526		524
	Basic earnings per common share (a)			$	1.66	$	1.57	$	4.10	$	4.84
Diluted
	Net income attributable to basic common shares			$	871	$	822	$	2,158	$	2,537
		Less:
			BlackRock common stock equivalents		3		6		10		16
	Net income attributable to diluted common shares			$	868	$	816	$	2,148	$	2,521
	Basic weighted-average common shares outstanding				526		524		526		524
	Dilutive potential common shares (b) (c)				3		2		3		2
	Diluted weighted-average common shares outstanding				529		526		529		526
	Diluted earnings per common share (a)			$	1.64	$	1.55	$	4.06	$	4.79
(a)			Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares (participating securities).
(b)			Excludes number of stock options considered to be anti-dilutive of 5 million and 12 million for the three months ended September 30, 2012 and September 30, 2011, respectively, and 5 million and 7 million for the nine months ended September 30, 2012 and September 30, 2011, respectively.
(c)			Excludes number of warrants considered to be anti-dilutive of 17 million and 22 million for the three months ended September 30, 2012 and September 30, 2011, respectively, and 17 million and 22 million for the nine months ended September 30, 2012 and September 30, 2011, respectively.