Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Schedule of earnings per share basic and diluted

The following table presents the calculation of basic and diluted EPS for the years ended December 31, 2014, 2013 and 2012.

Year ended December 31, (in millions, except per share amounts)	2014		2013		2012
Basic earnings per share
Net income	$	21,762	$	17,923	$	21,284
Less: Preferred stock dividends	1,125		805		653
Net income applicable to common equity	20,637		17,118		20,631
Less: Dividends and undistributed earnings allocated to participating securities	544		525		754
Net income applicable to common stockholders	$	20,093	$	16,593	$	19,877
Total weighted-average basic shares outstanding	3,763.5		3,782.4		3,809.4
Net income per share	$	5.34	$	4.39	$	5.22
Diluted earnings per share
Net income applicable to common stockholders	$	20,093	$	16,593	$	19,877
Total weighted-average basic shares outstanding	3,763.5		3,782.4		3,809.4
Add: Employee stock options, SARs and warrants(a)	34.0		32.5		12.8
Total weighted-average diluted shares outstanding(b)	3,797.5		3,814.9		3,822.2
Net income per share	$	5.29	$	4.35	$	5.20

(a) Excluded from the computation of diluted EPS (due to the antidilutive effect) were certain options issued under employee benefit plans and the Warrants. The aggregate number of shares issuable upon the exercise of such options and Warrants was 1 million, 6 million and 148 million for the years ended December 31, 2014, 2013 and 2012, respectively.

(b) Participating securities were included in the calculation of diluted EPS using the two-class method, as this computation was more dilutive than the calculation using the treasury stock method.