Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Reconciliation of Net Income/(Loss) to Net Income/(Loss) Available to Common Shareholders

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 September 30						Nine Months Ended September 30
(Dollars and shares in millions, except per share data)	2019			2018			2019			2018
Net income		$623			$752			$1,891			$2,117
Less:
Preferred stock dividends	(26		)	(26		)	(77		)	(81		)
Net income available to common shareholders		$597			$726			$1,814			$2,036
Average common shares outstanding - basic	444.0			460.3			443.8			464.8
Add dilutive securities:
RSUs	2.6			3.0			2.4			2.8
Common stock warrants, options, and restricted stock	0.4			0.9			0.5			1.4
Average common shares outstanding - diluted	447.0			464.2			446.7			469.0
Net income per average common share - diluted		$1.34			$1.56			$4.06			$4.34
Net income per average common share - basic	1.35			1.58			4.09			4.38