Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings per Share

Basic and Diluted Earnings per Common Share

Note 13 Earnings Per Share
Table 117: Basic and Diluted Earnings per Common Share
				Three months ended				Six months ended
				June 30				June 30
In millions, except per share data				2014		2013		2014		2013
Basic
	Net income (a)		$	1,052	$	1,115	$	2,112	$	2,110
	Less:
		Net income (loss) attributable to noncontrolling interests (a)		3		4		1		(4)
		Preferred stock dividends and discount accretion and redemptions		48		53		118		128
	Net income attributable to common shares			1,001		1,058		1,993		1,986
	Less:
		Dividends and undistributed earnings allocated to nonvested restricted shares		3		5		6		9
	Net income attributable to basic common shares		$	998	$	1,053	$	1,987	$	1,977
	Basic weighted-average common shares outstanding			532		528		532		527
	Basic earnings per common share (b)		$	1.88	$	2.00	$	3.73	$	3.75
Diluted
	Net income attributable to basic common shares		$	998	$	1,053	$	1,987	$	1,977
		Less: Impact of BlackRock earnings per share dilution		3		4		9		9
	Net income attributable to diluted common shares		$	995	$	1,049	$	1,978	$	1,968
	Basic weighted-average common shares outstanding			532		528		532		527
	Dilutive potential common shares (c) (d)			7		3		7		3
	Diluted weighted-average common shares outstanding			539		531		539		530
	Diluted earnings per common share (b)		$	1.85	$	1.98	$	3.67	$	3.72
(a)		Amounts for 2013 periods have been updated to reflect the first quarter 2014 adoption of ASU 2014-01 related to investments in low income housing tax credits.
(b)		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).
(c)		Excludes stock options considered to be anti-dilutive of 1 million for the three months and six months ended June 30, 2014 and June 30, 2013, respectively.
(d)		Excludes warrants considered to be anti-dilutive of 17 million for the six months ended June 30, 2013. No warrants were considered to be anti-dilutive for the three months and six months ended June 30, 2014 and the three months ended June 30, 2013.