Net Income Per Common Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Net Income/(Loss) Per Share

NOTE 12 – 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.

	Three Months Ended March 31
(Dollars and shares in millions, except per share data)	2019			2018
Net income		$580			$643
Less:
Preferred stock dividends	(26		)	(31		)
Net income available to common shareholders		$554			$612
Average common shares outstanding - basic	443.6			468.7
Add dilutive securities:
RSUs	2.6			2.8
Common stock warrants, options, and restricted stock	0.5			2.1
Average common shares outstanding - diluted	446.7			473.6
Net income per average common share - diluted		$1.24			$1.29
Net income per average common share - basic	1.25			1.31