Earnings per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2019 and 2018.

(in millions, except per share amounts)	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Basic earnings per share
Net income	$	9,080	$	8,380	$	27,911	$	25,408
Less: Preferred stock dividends	423		379		1,201		1,167
Net income applicable to common equity	8,657		8,001		26,710		24,241
Less: Dividends and undistributed earnings allocated to participating securities	51		53		159		174
Net income applicable to common stockholders	$	8,606	$	7,948	$	26,551	$	24,067
Total weighted-average basic shares   outstanding	3,198.5		3,376.1		3,248.7		3,416.5
Net income per share	$	2.69	$	2.35	$	8.17	$	7.04
Diluted earnings per share
Net income applicable to common stockholders	$	8,606	$	7,948	$	26,551	$	24,067
Total weighted-average basic shares   outstanding	3,198.5		3,376.1		3,248.7		3,416.5
Add: Employee stock options, SARs, warrants and unvested PSUs	8.7		18.2		9.3		19.7
Total weighted-average diluted shares outstanding	3,207.2		3,394.3		3,258.0		3,436.2
Net income per share	$	2.68	$	2.34	$	8.15	$	7.00