Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2018, 2017 and 2016.

Year ended December 31, (in millions, except per share amounts)	2018		2017		2016
Basic earnings per share
Net income	$	32,474	$	24,441	$	24,733
Less: Preferred stock dividends	1,551		1,663		1,647
Net income applicable to common equity	30,923		22,778		23,086
Less: Dividends and undistributed earnings allocated to participating securities	214		211		252
Net income applicable to common stockholders	$	30,709	$	22,567	$	22,834
Total weighted-average basic shares outstanding	3,396.4		3,551.6		3,658.8
Net income per share	$	9.04	$	6.35	$	6.24
Diluted earnings per share
Net income applicable to common stockholders	$	30,709	$	22,567	$	22,834
Total weighted-average basic shares outstanding	3,396.4		3,551.6		3,658.8
Add: Employee stock options, SARs, warrants and unvested PSUs	17.6		25.2		31.2
Total weighted-average diluted shares outstanding	3,414.0		3,576.8		3,690.0
Net income per share	$	9.00	$	6.31	$	6.19