Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.19.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share
The calculation of basic and diluted earnings per share for the three-month periods ended March 31, 2019 and 2018 was as follows:
 
Three Months Ended
March 31,
(dollar amounts in millions, except per data, share count in thousands)
2019
 
2018
Basic earnings per common share:
 
 
 
Net income
$
358

 
$
326

Preferred stock dividends
(19
)
 
(12
)
Net income available to common shareholders
$
339

 
$
314

Average common shares issued and outstanding
1,046,995

 
1,083,836

Basic earnings per common share
$
0.32

 
$
0.29

Diluted earnings per common share:
 
 
 
Dilutive potential common shares:
 
 
 
Stock options and restricted stock units and awards
14,807

 
19,858

Shares held in deferred compensation plans
3,836

 
3,228

Dilutive impact of Preferred Stock
—

 
17,856

Dilutive potential common shares
18,643

 
40,942

Total diluted average common shares issued and outstanding
1,065,638

 
1,124,778

Diluted earnings per common share
$
0.32

 
$
0.28