Net Income/(Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2011

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

A reconciliation of the difference between average basic common shares outstanding and average diluted common shares outstanding for the three and six months ended June 30, 2011 and 2010 is included below. Additionally, included below is a reconciliation of net income/(loss) to net income/(loss) available to common shareholders.

	Three Months Ended				Six Months Ended
	June 30				June 30
(In millions, except per share data)	2011		2010		2011		2010
Net income/(loss)		$178		$12		$358		($149)
Series A preferred dividends		(2)		(2)		(4)		(4)
Dividends and accretion of discount on preferred stock issued to the U.S. Treasury		-		(66)		(66)		(132)
Accelerated accretion for repurchase of preferred stock issued to the U.S. Treasury		-		-		(74)		-
Dividends and undistributed earnings allocated to unvested shares		(2)		-		(2)		-
Net income/(loss) available to common shareholders		$174		($56)		$212		($285)
Average basic common shares		532		495		516		495
Effect of dilutive securities:
Stock options		1		1		2		1
Restricted stock		2		2		2		2
Average diluted common shares		535		498		520		498
Net income/(loss) per average common share - diluted		$0.33		($0.11)		$0.41		($0.58)
Net income/(loss) per average common share - basic		$0.33		($0.11)		$0.41		($0.58)