Earnings per Share

6 Months Ended

Jun. 30, 2016

Earnings per Share

Earnings per Share

NOTE 10 EARNINGS PER SHARE
Table 82: Basic and Diluted Earnings per Common Share
				Three months ended				Six months ended
				June 30				June 30
In millions, except per share data				2016		2015		2016		2015
Basic
	Net income		$	989	$	1,044	$	1,932	$	2,048
	Less:
		Net income (loss) attributable to noncontrolling interests		23		4		42		5
		Preferred stock dividends and discount accretion and redemptions		43		48		108		118
	Net income attributable to common shares			923		992		1,782		1,925
	Less:
		Dividends and undistributed earnings allocated to participating securities		6				12		2
	Net income attributable to basic common shares		$	917	$	992	$	1,770	$	1,923
	Basic weighted-average common shares outstanding			497		517		499		519
	Basic earnings per common share (a)		$	1.84	$	1.92	$	3.54	$	3.71
Diluted
	Net income attributable to basic common shares		$	917	$	992	$	1,770	$	1,923
		Less: Impact of BlackRock earnings per share dilution		3		5		6		10
	Net income attributable to diluted common shares		$	914	$	987	$	1,764	$	1,913
	Basic weighted-average common shares outstanding			497		517		499		519
	Dilutive potential common shares			6		8		6		8
	Diluted weighted-average common shares outstanding			503		525		505		527
	Diluted earnings per common share (a)		$	1.82	$	1.88	$	3.49	$	3.63
(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).