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Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Calculation of earnings per common share and diluted earnings per common share The calculation of earnings per common share (EPS) and diluted EPS for the three and nine months ended September 30, 2020 and 2019 is presented on the following page. For more information on the calculation of EPS, see Note 1 – Summary of Significant Accounting Principles to the Consolidated Financial Statements of the Corporation’s 2019 Annual Report on Form 10-K.
Three Months Ended September 30Nine Months Ended September 30
(In millions, except per share information)2020201920202019
Earnings per common share   
Net income$4,881 $5,777 $12,424 $20,436 
Preferred stock dividends(441)(505)(1,159)(1,186)
Net income applicable to common shareholders$4,440 $5,272 $11,265 $19,250 
Average common shares issued and outstanding8,732.9 9,303.6 8,762.6 9,516.2 
Earnings per common share$0.51 $0.57 $1.29 $2.02 
Diluted earnings per common share    
Net income applicable to common shareholders$4,440 $5,272 $11,265 $19,250 
Average common shares issued and outstanding8,732.9 9,303.6 8,762.6 9,516.2 
Dilutive potential common shares (1)
44.6 49.4 37.9 49.5 
Total diluted average common shares issued and outstanding8,777.5 9,353.0 8,800.5 9,565.7 
Diluted earnings per common share$0.51 $0.56 $1.28 $2.01 
(1)Includes incremental dilutive shares from restricted stock units, restricted stock and warrants.