EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2019

NOTE 23 - EARNINGS PER SHARE

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during each period. Net income available to common stockholders represents net income after preferred stock dividends, accretion of the discount on preferred stock issuances, and gains or losses from any repurchases of preferred stock. Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during each period, plus potential dilutive shares such as share-based payment awards and warrants using the treasury stock method.



	Year Ended December 31,
(in millions, except share and per-share data)	2019		2018		2017
Numerator (basic and diluted):
Net income		$1,791		$1,721		$1,652
Less: Preferred stock dividends	73		29		14
Net income available to common stockholders		$1,718		$1,692		$1,638
Denominator:
Weighted-average common shares outstanding - basic	449,731,453		478,822,072		502,157,440
Dilutive common shares: share-based awards	1,482,248		1,608,669		1,527,651
Weighted-average common shares outstanding - diluted	451,213,701		480,430,741		503,685,091
Earnings per common share:
Basic		$3.82		$3.54		$3.26
Diluted⁽¹⁾	3.81		3.52		3.25

⁽¹⁾ Potential dilutive common shares are excluded from the computation of diluted EPS in the periods where the effect would be antidilutive. Excluded from the computation of diluted EPS were weighted average antidilutive shares totaling 783 and 533 for the years ended December 31, 2019 and 2017. There were no potentially dilutive shares to exclude from the calculation for the year ended December 31, 2018.