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Net Income Per Common Share
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Income/(Loss) Per Share
NOTE 11 – NET INCOME PER COMMON SHARE
Reconciliations of net income to net income available to common shareholders and average basic common shares outstanding to average diluted common shares outstanding are presented in the following table.
Equivalent shares of less than 1 million related to common stock options and warrants outstanding at September 30, 2017 were excluded from the computations of diluted net income per average common share because they would have been anti-dilutive.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars and shares in millions, except per share data)
2018
 
2017
 
2018
 
2017
Net income

$752

 

$538

 

$2,117

 

$1,533

Less:
 
 
 
 
 
 
 
Preferred stock dividends
(26
)
 
(26
)
 
(81
)
 
(65
)
Net income available to common shareholders

$726

 

$512

 

$2,036

 

$1,468

 
 
 
 
 
 
 
 
Average common shares outstanding - basic
460.3

 
478.3

 
464.8

 
483.7

Add dilutive securities:
 
 
 
 
 
 
 
RSUs
3.0

 
2.9

 
2.8

 
2.9

Common stock warrants, options, and restricted stock
0.9

 
2.4

 
1.4

 
2.6

Average common shares outstanding - diluted
464.2

 
483.6

 
469.0

 
489.2

 
 
 
 
 
 
 
 
Net income per average common share - diluted

$1.56

 

$1.06

 

$4.34

 

$3.00

Net income per average common share - basic
1.58

 
1.07

 
4.38

 
3.04