Earnings per Share

9 Months Ended

Sep. 30, 2014

Earnings per Share

Earnings per Share

Note 13 Earnings Per Share
Table 117: Basic and Diluted Earnings per Common Share
				Three months ended				Nine months ended
				September 30				September 30
In millions, except per share data				2014		2013		2014		2013
Basic
	Net income (a)		$	1,038	$	1,028	$	3,150	$	3,138
	Less:
		Net income (loss) attributable to noncontrolling interests (a)		1		2		2		(2)
		Preferred stock dividends and discount accretion and redemptions		71		71		189		199
	Net income attributable to common shares			966		955		2,959		2,941
	Less:
		Dividends and undistributed earnings allocated to nonvested restricted shares		3		4		9		13
	Net income attributable to basic common shares		$	963	$	951	$	2,950	$	2,928
	Basic weighted-average common shares outstanding			529		529		531		528
	Basic earnings per common share (b)		$	1.82	$	1.80	$	5.55	$	5.55
Diluted
	Net income attributable to basic common shares		$	963	$	951	$	2,950	$	2,928
		Less: Impact of BlackRock earnings per share dilution		4		4		13		13
	Net income attributable to diluted common shares		$	959	$	947	$	2,937	$	2,915
	Basic weighted-average common shares outstanding			529		529		531		528
	Dilutive potential common shares (c) (d)			8		5		8		3
	Diluted weighted-average common shares outstanding			537		534		539		531
	Diluted earnings per common share (b)		$	1.79	$	1.77	$	5.45	$	5.49
(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 nine months ended September 30, 2013. No stock options were considered to be anti-dilutive for the three months and nine months ended September 30, 2014.
(d)		No warrants were considered to be anti-dilutive for the three months and nine months ended September 30, 2014 and September 30, 2013, respectively.