Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019 and 2018.

(in millions, except per share amounts)	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Basic earnings per share
Net income	$	9,652	$	8,316	$	18,831	$	17,028
Less: Preferred stock dividends	404		379		778		788
Net income applicable to common equity	9,248		7,937		18,053		16,240
Less: Dividends and undistributed earnings allocated to participating securities	56		57		108		121
Net income applicable to common stockholders	$	9,192	$	7,880	$	17,945	$	16,119
Total weighted-average basic shares   outstanding	3,250.6		3,415.2		3,274.3		3,436.7
Net income per share	$	2.83	$	2.31	$	5.48	$	4.69
Diluted earnings per share
Net income applicable to common stockholders	$	9,192	$	7,880	$	17,945	$	16,119
Total weighted-average basic shares   outstanding	3,250.6		3,415.2		3,274.3		3,436.7
Add: Employee stock options, SARs, warrants and unvested PSUs	9.1		19.5		9.6		20.4
Total weighted-average diluted shares outstanding	3,259.7		3,434.7		3,283.9		3,457.1
Net income per share	$	2.82	$	2.29	$	5.46	$	4.66