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The DJIA is composed of just 30 stocks and is price-weighted, so dearer shares count for more.
The conversion of preferred shares to common will also raise the bank's Tier 1 capital ratio (preferred shares count as debt), leaving it better able to withstand losses.
For purposes of the Q1 GAAP EPS calculation, the company is expecting an average diluted shares count of 126 million shares, a GAAP tax rate of approximately 43%, and a minority interest expense of approximately $200,000.
For purposes of the full fiscal year 2010 GAAP EPS calculation, the company is expecting an average diluted shares count of 128 million shares, a GAAP tax rate of approximately 43%, and a minority interest expense of approximately $1 million.
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The two originally pressed to avoid having nonvoted shares counted as "no" votes during the original deal talks, people briefed on the matter said.
Share counts decrease, leaving investors who stick around a larger chunk of the company.
The company is now allowing unlimited sharing of "cubbies" (i.e., folders), too – previously, sharing counted against your beta invites.
It cited decreases in its share count and pension expense.
By contrast, General Electric's share count grew more than 7percentt over the period.
Analysts said that the greater share count has come as Intel's share price has fallen about 40percentt from 12 months ago.
It slashed its annual dividend to just 4 cents a share and has more than doubled its share count.
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