Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and 2022.

(in millions, except per share amounts)	Three months ended March 31,
	2023		2022
Basic earnings per share
Net income	$	12,622	$	8,282
Less: Preferred stock dividends	356		397
Net income applicable to common equity	12,266		7,885
Less: Dividends and undistributed earnings allocated to participating securities	73		40
Net income applicable to common stockholders	$	12,193	$	7,845
Total weighted-average basic shares   outstanding	2,968.5		2,977.0
Net income per share	$	4.11	$	2.64
Diluted earnings per share
Net income applicable to common stockholders	$	12,193	$	7,845
Total weighted-average basic shares   outstanding	2,968.5		2,977.0
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs	4.2		4.0
Total weighted-average diluted shares outstanding	2,972.7		2,981.0
Net income per share	$	4.10	$	2.63