Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of earnings per share basic and diluted

The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the years ended December 31, 2020, 2019 and 2018.

Year ended December 31, (in millions, except per share amounts)	2020		2019		2018
Basic earnings per share
Net income	$	29,131	$	36,431	$	32,474
Less: Preferred stock dividends	1,583		1,587		1,551
Net income applicable to common equity	27,548		34,844		30,923
Less: Dividends and undistributed earnings allocated to participating securities	138		202		214
Net income applicable to common stockholders	$	27,410	$	34,642	$	30,709
Total weighted-average basic shares outstanding	3,082.4		3,221.5		3,396.4
Net income per share	$	8.89	$	10.75	$	9.04
Diluted earnings per share
Net income applicable to common stockholders	$	27,410	$	34,642	$	30,709
Total weighted-average basic shares outstanding	3,082.4		3,221.5		3,396.4
Add: Dilutive impact of SARs and employee stock options, unvested PSUs and nondividend-earning RSUs, and warrants	5.0		8.9		17.6
Total weighted-average diluted shares outstanding	3,087.4		3,230.4		3,414.0
Net income per share	$	8.88	$	10.72	$	9.00