Earnings per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2018 and 2017.

(in millions, except per share amounts)	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Basic earnings per share
Net income	$	8,380	$	6,732	$	25,408	$	20,209
Less: Preferred stock dividends	379		412		1,167		1,235
Net income applicable to common equity	8,001		6,320		24,241		18,974
Less: Dividends and undistributed earnings allocated to participating securities	53		58		174		188
Net income applicable to common stockholders	$	7,948	$	6,262	$	24,067	$	18,786
Total weighted-average basic shares   outstanding	3,376.1		3,534.7		3,416.5		3,570.9
Net income per share	$	2.35	$	1.77	$	7.04	$	5.26
Diluted earnings per share
Net income applicable to common stockholders	$	7,948	$	6,262	$	24,067	$	18,786
Total weighted-average basic shares   outstanding	3,376.1		3,534.7		3,416.5		3,570.9
Add: Employee stock options, SARs, warrants and unvested PSUs	18.2		24.9		19.7		26.1
Total weighted-average diluted shares outstanding	3,394.3		3,559.6		3,436.2		3,597.0
Net income per share	$	2.34	$	1.76	$	7.00	$	5.22