16. Earnings per Common Share Calculation of Basic and Diluted EPS | in millions, except for per share data | | 2018 | | 2017 | | 2016 | | Income from continuing operations | $ | 8,887 | $ | 6,235 | $ | 6,122 | | Income (loss) from discontinued | | | | | | | | operations | | (4) | | (19) | | 1 | | Net income | | 8,883 | | 6,216 | | 6,123 | | Net income applicable to | | | | | | | | noncontrolling interests | | 135 | | 105 | | 144 | | Net income applicable to | | | | | | | | Morgan Stanley | | 8,748 | | 6,111 | | 5,979 | | Preferred stock dividends and other | | 526 | | 523 | | 471 | | Earnings applicable to Morgan | | | | | | | | Stanley common shareholders | $ | 8,222 | $ | 5,588 | $ | 5,508 | | | | | | | | | Basic EPS | | | | | | | | Weighted average common shares | | | | | | | | outstanding | | 1,708 | | 1,780 | | 1,849 | | Earnings per basic common share | | | | | | | | Income from continuing operations | $ | 4.81 | $ | 3.15 | $ | 2.98 | | Income (loss) from discontinued | | | | | | | | operations | | — | | (0.01) | | — | | Earnings per basic common share | $ | 4.81 | $ | 3.14 | $ | 2.98 | | | | | | | | | Diluted EPS | | | | | | | | Weighted average common shares | | | | | | | | outstanding | | 1,708 | | 1,780 | | 1,849 | | Effect of dilutive securities: | | | | | | | | Stock options and RSUs | | 30 | | 41 | | 38 | | Weighted average common | | | | | | | | shares outstanding and | | | | | | | | common stock equivalents | | 1,738 | | 1,821 | | 1,887 | | Earnings per diluted common share | | | | | | | | Income from continuing operations | $ | 4.73 | $ | 3.08 | $ | 2.92 | | Income (loss) from discontinued | | | | | | | | operations | | — | | (0.01) | | — | | Earnings per diluted common share | $ | 4.73 | $ | 3.07 | $ | 2.92 | | Weighted average antidilutive RSUs | | | | | | | | and stock options (excluded from | | | | | | | | the computation of diluted EPS) | | 1 | | — | | 13 |
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