| Calculation of earnings per share basic and diluted |
The following table presents the calculation of basic and diluted EPS for the three and nine months ended September 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | (in millions, except per share amounts) | Three months ended September 30, | | Nine months ended September 30, | | 2026 | 2025 | | 2026 | 2025 | Basic earnings per share | | | | | | | Net income | $ | 15,305 | | $ | 14,393 | | | $ | 52,954 | | $ | 44,023 | | Less: Preferred stock dividends | 305 | | 282 | | | 889 | | 819 | | Net income applicable to common equity | 15,000 | | 14,111 | | | 52,065 | | 43,204 | | Less: Dividends and undistributed earnings allocated to participating securities | 64 | | 68 | | | 228 | | 213 | | Net income applicable to common stockholders | $ | 14,936 | | $ | 14,043 | | | $ | 51,837 | | $ | 42,991 | | | | | | | | Total weighted-average basic shares outstanding | 2,678.6 | | 2,762.4 | | | 2,694.9 | | 2,790.2 | | Net income per share | $ | 5.58 | | $ | 5.08 | | | $ | 19.24 | | $ | 15.41 | | | | | | | | Diluted earnings per share | | | | | | Net income applicable to common stockholders | $ | 14,936 | | $ | 14,043 | | | $ | 51,837 | | $ | 42,991 | | Total weighted-average basic shares outstanding | 2,678.6 | | 2,762.4 | | | 2,694.9 | | 2,790.2 | | | Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs | 4.4 | | 5.2 | | | 4.2 | | 5.0 | | Total weighted-average diluted shares outstanding | 2,683.0 | | 2,767.6 | | | 2,699.1 | | 2,795.2 | | Net income per share | $ | 5.57 | | $ | 5.07 | | | $ | 19.20 | | $ | 15.38 | |
|