Earnings per Share

3 Months Ended

Mar. 31, 2016

Earnings per Share

Earnings per Share

NOTE 11 EARNINGS PER SHARE
Table 88: Basic and Diluted Earnings per Common Share
				Three months ended March 31
In millions, except per share data					2016		2015
Basic
	Net income			$	943	$	1,004
	Less:
			Net income (loss) attributable to noncontrolling interests		19		1
			Preferred stock dividends and discount accretion and redemptions		65		70
		Net income attributable to common shares			859		933
		Less:
			Dividends and undistributed earnings allocated to participating securities		6		2
	Net income attributable to basic common shares			$	853	$	931
	Basic weighted-average common shares outstanding				501		521
	Basic earnings per common share (a)			$	1.70	$	1.79
Diluted
	Net income attributable to basic common shares			$	853	$	931
		Less: Impact of BlackRock earnings per share dilution			3		5
	Net income attributable to diluted common shares			$	850	$	926
	Basic weighted-average common shares outstanding				501		521
	Dilutive potential common shares				6		8
	Diluted weighted-average common shares outstanding				507		529
	Diluted earnings per common share (a)			$	1.68	$	1.75
(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 and restricted share units with nonforfeitable dividends and dividend rights (participating securities).