Earnings Per Common Share

9 Months Ended

Sep. 30, 2012

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.

		Quarter ended September 30,			Nine months ended September 30,
(in millions, except per share amounts)			2012	2011	2012	2011
Wells Fargo net income		$	4,937	4,055	13,807	11,762
Less:	Preferred stock dividends and other (1)		220	216	665	625
Wells Fargo net income applicable to common stock (numerator)		$	4,717	3,839	13,142	11,137
Earnings per common share
Average common shares outstanding (denominator)			5,288.1	5,275.5	5,292.7	5,280.2
Per share		$	0.89	0.73	2.48	2.11
Diluted earnings per common share
Average common shares outstanding			5,288.1	5,275.5	5,292.7	5,280.2
Add:	Stock options		28.7	20.9	28.3	25.6
	Restricted share rights		38.6	22.8	34.7	19.8
	Warrants		0.2	-	-	-
Diluted average common shares outstanding (denominator)			5,355.6	5,319.2	5,355.7	5,325.6
Per share		$	0.88	0.72	2.45	2.09

• Includes preferred stock dividends of $220 millionfor boththirdquarter 2012 and 2011, respectively, and $659 million and $624 million for the first nine months of 2012and 2011, 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
	Quarter ended September 30,		Nine months ended September 30,
(in millions)	2012	2011	2012	2011
Options	53.5	197.0	57.2	175.6
Warrants	-	39.4	39.2	39.4