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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2018
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 three and six months ended June 30, 2018 and 2017.
(in millions, except per share amounts)
Three months ended
June 30,
 
Six months ended
June 30,
2018

2017

 
2018

2017

Basic earnings per share
 
 
 
 
 
Net income
$
8,316

$
7,029

 
$
17,028

$
13,477

Less: Preferred stock dividends
379

411

 
788

823

Net income applicable to common equity
7,937

6,618

 
16,240

12,654

Less: Dividends and undistributed earnings allocated to participating securities
57

63

 
121

123

Net income applicable to common stockholders
$
7,880

$
6,555

 
$
16,119

$
12,531

 
 
 
 
 
 
Total weighted-average basic shares
  outstanding
3,415.2

3,574.1

 
3,436.7

3,587.9

Net income per share
$
2.31

$
1.83

 
$
4.69

$
3.49

 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
Net income applicable to common stockholders
$
7,880

$
6,555

 
$
16,119

$
12,531

Total weighted-average basic shares
  outstanding
3,415.2

3,574.1

 
3,436.7

3,587.9

Add: Employee stock options, SARs, warrants and unvested PSUs
19.5

24.9

 
20.4

26.8

Total weighted-average diluted shares outstanding
3,434.7

3,599.0

 
3,457.1

3,614.7

Net income per share
$
2.29

$
1.82

 
$
4.66

$
3.47