XML 79 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income/(Loss) Per Common Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Net Income/(Loss) Per Share
NOTE 7 – NET INCOME PER COMMON SHARE
Equivalent shares of 22 million and 26 million related to common stock options and common stock warrants outstanding at March 31, 2013 and 2012, respectively, were excluded from the computations of diluted income per average common share because they would have been anti-dilutive.
Reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding for the three months ended March 31, 2013 and 2012 are included below.
(In millions, except per share data)
 
2013
 
2012
Net income
 

$352

 

$250

Preferred dividends
 
(9
)
 
(3
)
Dividends and undistributed earnings allocated to unvested shares
 
(3
)
 
(2
)
Net income available to common shareholders
 

$340

 

$245

Average basic common shares
 
536

 
533

Effect of dilutive securities:
 
 
 
 
Stock options
 
1

 
1

Restricted stock
 
3

 
2

Average diluted common shares
 
540

 
536

Net income per average common share - diluted
 

$0.63

 

$0.46

Net income per average common share - basic
 

$0.64

 

$0.46