EXHIBIT 12(b)
WELLS FARGO & COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS
		Quarter ended March 31,
(in millions)		2015		2014
Earnings including interest on deposits(1):
	Income before income tax expense	$	8,163	8,352
	Less: Net income from noncontrolling interests	80		182
	Income before income tax expense and after noncontrolling interests	8,083		8,170
	Fixed charges	1,077		1,094
		$	9,160	9,264
Preferred dividend requirement		344		285
Tax factor (based on effective tax rate)		1.39		1.39
Preferred dividends (2)		$	479	395
Fixed charges (1):
	Interest expense	$	977	997
	Estimated interest component of net rental expense	100		97
		1,077		1,094
	Fixed charges and preferred dividends	$	1,556	1,489
Ratio of earnings to fixed charges and preferred dividends (3)		5.89		6.22
Earnings excluding interest on deposits:
	Income before income tax expense and after noncontrolling interests	$	8,083	8,170
	Fixed charges	819		815
		$	8,902	8,985
Preferred dividends (2)		479		395
Fixed charges:
	Interest expense	$	977	997
	Less: Interest on deposits	258		279
	Estimated interest component of net rental expense	100		97
		819		815
	Fixed charges and preferred dividends	$	1,298	1,210
Ratio of earnings to fixed charges and preferred dividends (3)		6.86		7.42

(1) As defined in Item 503(d) of Regulation S-K.

(2) The preferred dividends, including accretion, were increased to amounts representing the pretax earnings that would be required to cover such dividend and accretion requirements.

(3) These computations are included herein in compliance with Securities and Exchange Commission regulations. However, management believes that fixed charge ratios are not meaningful measures for the business of the Company because of two factors. First, even if there was no change in net income, the ratios would decline with an increase in the proportion of income which is tax-exempt or, conversely, they would increase with a decrease in the proportion of income which is tax-exempt. Second, even if there was no change in net income, the ratios would decline if interest income and interest expense increase by the same amount due to an increase in the level of interest rates or, conversely, they would increase if interest income and interest expense decrease by the same amount due to a decrease in the level of interest rates.

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