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Net Income/(Loss) Per Common Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Net Income/(Loss) Per Share
NOTE 12 – NET INCOME/(LOSS) PER COMMON SHARE
Equivalent shares of 23 million, 26 million, and 31 million related to common stock options and common stock warrants outstanding as of December 31, 2012, 2011, and 2010, respectively, were excluded from the computations of diluted income/(loss) per average common share because they would have been anti-dilutive. Further, for EPS calculation purposes, during the year ended December 31, 2010 the impact of dilutive securities was excluded from the calculation because the Company recognized a net loss available to common shareholders and the impact would have been anti-dilutive.
A reconciliation of the difference between average basic common shares outstanding and average diluted common shares outstanding for the the years ended December 31, 2012, 2011, and 2010, is included below. Additionally, included below is a reconciliation of net income to net income/(loss) available to common shareholders. 
(In millions, except per share data)
 
2012
 
2011
 
2010
Net income
 

$1,958

 

$647

 

$189

Preferred dividends
 
(12
)
 
(7
)
 
(7
)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury
 
—

 
(66
)
 
(267
)
Accelerated accretion associated with repurchase of preferred stock issued to the U.S. Treasury
 
—

 
(74
)
 
—

Dividends and undistributed earnings allocated to unvested shares
 
(15
)
 
(5
)
 
(2
)
Net income/(loss) available to common shareholders
 

$1,931

 

$495

 

($87
)
Average basic common shares
 
534

 
524

 
495

Effect of dilutive securities:
 
 
 
 
 
 
Stock options
 
1

 
2

 
1

Restricted stock
 
3

 
2

 
3

Average diluted common shares
 
538

 
528

 
499

Net income/(loss) per average common share - diluted
 

$3.59

 

$0.94

 

($0.18
)
Net income/(loss) per average common share - basic
 

$3.62

 

$0.94

 

($0.18
)