Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings per Share

Basic and Diluted Earnings per Common Share

NOTE 15EARNINGS PER SHARE
Table 118: Basic and Diluted Earnings per Common Share
In millions, except per share data					2015		2014		2013
Basic
	Net income			$	4,143	$	4,207	$	4,212
	Less:
			Net income (loss) attributable to noncontrolling interests		37		23		11
			Preferred stock dividends and discount accretion and redemptions		225		237		249
		Net income attributable to common shares			3,881		3,947		3,952
		Less:
			Dividends and undistributed earnings allocated to participating securities		17		11		18
	Net income attributable to basic common shares			$	3,864	$	3,936	$	3,934
	Basic weighted-average common shares outstanding				514		529		528
	Basic earnings per common share (a)			$	7.52	$	7.44	$	7.45
Diluted
	Net income attributable to basic common shares			$	3,864	$	3,936	$	3,934
		Less: Impact of BlackRock earnings per share dilution			18		18		18
	Net income attributable to diluted common shares			$	3,846	$	3,918	$	3,916
	Basic weighted-average common shares outstanding				514		529		528
	Dilutive potential common shares (b)				7		8		4
	Diluted weighted-average common shares outstanding				521		537		532
	Diluted earnings per common share (a)			$	7.39	$	7.30	$	7.36
(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).
(b)			Excludes number of stock options considered to be anti-dilutive of 1 million for 2013. No warrants were considered to be anti-dilutive for 2013. No stock options or warrants were considered to be anti-dilutive for 2014 and 2015.