Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings per Share

Basic and Diluted Earnings per Common Share

Note 14 Earnings Per Share
Table 122: Basic and Diluted Earnings per Common Share
				Three months ended				Six months ended
				June 30				June 30
In millions, except per share data				2013		2012		2013		2012
Basic
	Net income		$	1,123	$	546	$	2,127	$	1,357
	Less:
		Net income (loss) attributable to noncontrolling interests		1		(5)		(8)		1
		Preferred stock dividends and discount accretion		53		25		128		64
		Dividends and undistributed earnings allocated to nonvested restricted shares		5		1		9		5
	Net income attributable to basic common shares		$	1,064	$	525	$	1,998	$	1,287
	Basic weighted-average common shares outstanding			528		527		527		526
	Basic earnings per common share (a)		$	2.02	$	1.00	$	3.79	$	2.44
Diluted
	Net income attributable to basic common shares		$	1,064	$	525	$	1,998	$	1,287
		Less: Impact of BlackRock earnings per share dilution		4		4		9		7
	Net income attributable to diluted common shares		$	1,060	$	521	$	1,989	$	1,280
	Basic weighted-average common shares outstanding			528		527		527		526
	Dilutive potential common shares (b) (c)			3		3		3		3
	Diluted weighted-average common shares outstanding			531		530		530		529
	Diluted earnings per common share (a)		$	1.99	$	.98	$	3.76	$	2.42
(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 1 million and 5 million for the three months ended June 30, 2013 and June 30, 2012, respectively, and 1 million and 5 million for the six months ended June 30, 2013 and June 30, 2012, respectively.
(c)		Excludes number of warrants considered to be anti-dilutive of 17 million for the three months ended June 30, 2012, and 17 million for the six months ended both June 30, 2013 and June 30, 2012. No warrants were considered to be anti-dilutive for the three months ended June 30, 2013.