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Net Income Per Common Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Income/(Loss) Per Share NOTE 14 – 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 1 million related to common stock options and warrants outstanding at December 31, 2016 were excluded from the computation of diluted net income per average common share because they would have been anti-dilutive.
 
Year Ended December 31
(Dollars and shares in millions, except per share data)
2018
 
2017
 
2016
Net income

$2,775

 

$2,273

 

$1,878

Less:
 
 
 
 
 
Preferred stock dividends
(107
)
 
(94
)
 
(66
)
Dividends and undistributed earnings allocated to unvested common share awards
—

 
—

 
(1
)
Net income available to common shareholders

$2,668

 

$2,179

 

$1,811

 
 
 
 
 
 
Average common shares outstanding - basic
460.9

 
481.3

 
498.6

Add dilutive securities:
 
 
 
 
 
RSUs
2.9

 
3.0

 
2.9

Common stock warrants, options, and restricted stock
1.2

 
2.7

 
2.0

Average common shares outstanding - diluted
465.0

 
487.0

 
503.5

 
 
 
 
 
 
Net income per average common share - diluted

$5.74

 

$4.47

 

$3.60

Net income per average common share - basic
5.79

 
4.53

 
3.63