Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023, 2022 and 2021.

Year ended December 31, (in millions, except per share amounts)	2023		2022		2021
Basic earnings per share
Net income	$	49,552	$	37,676	$	48,334
Less: Preferred stock dividends	1,501		1,595		1,600
Net income applicable to common equity	48,051		36,081		46,734
Less: Dividends and undistributed earnings allocated to participating securities	291		189		231
Net income applicable to common stockholders	$	47,760	$	35,892	$	46,503
Total weighted-average basic shares outstanding	2,938.6		2,965.8		3,021.5
Net income per share	$	16.25	$	12.10	$	15.39
Diluted earnings per share
Net income applicable to common stockholders	$	47,760	$	35,892	$	46,503
Total weighted-average basic shares outstanding	2,938.6		2,965.8		3,021.5
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs	4.5		4.2		5.1
Total weighted-average diluted shares outstanding	2,943.1		2,970.0		3,026.6
Net income per share	$	16.23	$	12.09	$	15.36