Table 65: Basic and Diluted Earnings Per Common Share



	Three months ended March 31
In millions, except per share data	2019		2018
Basic
Net income	$	1,271	$	1,239
Less:
Net income attributable to noncontrolling interests	10		10
Preferred stock dividends	63		63
Preferred stock discount accretion and redemptions	1		1
Net income attributable to common shares	1,197		1,165
Less: Dividends and undistributed earnings allocated to participating securities	5		5
Net income attributable to basic common shares	$	1,192	$	1,160
Basic weighted-average common shares outstanding	455		473
Basic earnings per common share (a)	$	2.62	$	2.45
Diluted
Net income attributable to basic common shares	$	1,192	$	1,160
Less: Impact of BlackRock earnings per share dilution	3		2
Net income attributable to diluted common shares	$	1,189	$	1,158
Basic weighted-average common shares outstanding	455		473
Dilutive potential common shares	1		3
Diluted weighted-average common shares outstanding	456		476
Diluted earnings per common share (a)	$	2.61	$	2.43


(a)	Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).