Earnings Per Common Share

9 Months Ended

Sep. 30, 2011

Earnings Per Common Share [Abstract]

Earnings Per Common Share

The table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.

					Nine months
		Quarter ended September 30,			ended September 30,
(in millions, except per share amounts)			2011	2010	2011	2010
Wells Fargo net income		$	4,055	3,339	11,762	8,948
Less:	Preferred stock dividends and other (1)		216	189	625	548
Wells Fargo net income applicable to common stock (numerator)		$	3,839	3,150	11,137	8,400
Earnings per common share
Average common shares outstanding (denominator)			5,275.5	5,240.1	5,280.2	5,216.9
Per share		$	0.73	0.60	2.11	1.61
Diluted earnings per common share
Average common shares outstanding			5,275.5	5,240.1	5,280.2	5,216.9
Add:	Stock Options		20.9	23.7	25.6	29.1
	Restricted share rights		22.8	9.4	19.8	6.9
Diluted average common shares outstanding (denominator)			5,319.2	5,273.2	5,325.6	5,252.9
Per share		$	0.72	0.60	2.09	1.60

• Includes preferred stock dividends of $220 million and $184 millionfor thirdquarter 2011 and 2010 and $624 million and $553 million for the first nine months of 2011and 2010, respectively.

The following table presents the outstanding options and warrants to purchase shares of common stock that were anti-dilutive(the exercise price was higher than the weighted-average market price), and therefore not included in the calculation of diluted earnings per common share.

	Weighted-average shares
			Nine months
	Quarter ended September 30,		ended September 30,
(in millions)	2011	2010	2011	2010
Options	197.0	211.8	175.6	212.8
Warrants	39.4	39.9	39.4	75.1