Earnings per Share

12 Months Ended

Dec. 31, 2014

Earnings per Share

Earnings per Share

Note 16 Earnings Per Share
Table 137: Basic and Diluted Earnings per Common Share
In millions, except per share data					2014		2013		2012
Basic
	Net income (a)			$	4,207	$	4,212	$	2,994
	Less:
			Net income (loss) attributable to noncontrolling interests (a)		23		11		(7)
			Preferred stock dividends and discount accretion and redemptions		237		249		181
		Net income attributable to common shares			3,947		3,952		2,820
		Less:
			Dividends and undistributed earnings allocated to nonvested restricted shares		11		18		14
	Net income attributable to basic common shares			$	3,936	$	3,934	$	2,806
	Basic weighted-average common shares outstanding				529		528		526
	Basic earnings per common share (a) (b)			$	7.44	$	7.45	$	5.33
Diluted
	Net income attributable to basic common shares (a)			$	3,936	$	3,934	$	2,806
		Less: Impact of BlackRock earnings per share dilution			18		18		14
	Net income attributable to diluted common shares			$	3,918	$	3,916	$	2,792
	Basic weighted-average common shares outstanding				529		528		526
	Dilutive potential common shares (c) (d)				8		4		3
	Diluted weighted-average common shares outstanding				537		532		529
	Diluted earnings per common share (a) (b)			$	7.30	$	7.36	$	5.28
(a)			Amounts for 2013 and 2012 periods have been updated to reflect the first quarter 2014 adoption of ASU 2014-01 related to investments in low income housing tax credits.
(b)			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 (participating securities).
(c)			Excludes number of stock options considered to be anti-dilutive of 1 million for 2013 and 4 million for 2012. No stock options were considered to be anti-dilutive for 2014.
(d)			Excludes number of warrants considered to be anti-dilutive of 17 million for 2012. No warrants were considered to be anti-dilutive for 2013 and 2014.