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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Trading assets $ 483 $ 407 $ 928 $ 781
Investment securities 2,181 2,112 4,325 4,222
Mortgages held for sale 209 195 386 365
Loans held for sale 5 1 10 3
Loans 9,098 8,852 18,036 17,598
Other interest income 250 226 504 436
Total interest income 12,226 11,793 24,189 23,405
Interest expense        
Deposits 232 275 490 554
Short-term borrowings 21 14 39 26
Long-term debt 620 620 1,224 1,239
Other interest expense 83 93 180 180
Total interest expense 956 1,002 1,933 1,999
Net interest income 11,270 10,791 22,256 21,406
Provision for credit losses 300 217 908 542
Net interest income after provision for credit losses 10,970 10,574 21,348 20,864
Noninterest income        
Service charges on deposit accounts 1,289 1,283 2,504 2,498
Trust and investment fees 3,710 3,609 7,387 7,021
Card fees 930 847 1,801 1,631
Other fees 1,107 1,088 2,185 2,135
Mortgage banking 1,705 1,723 3,252 3,233
Insurance 461 453 891 885
Net gains from trading activities 133 382 541 814
Net gains on debt securities 181 71 459 154
Net gains from equity investments 517 449 887 1,296
Lease income 155 129 287 262
Other (140) 241 146 356
Total noninterest income 10,048 10,275 20,340 20,285
Noninterest expense        
Salaries 3,936 3,795 7,787 7,523
Commission and incentive compensation 2,606 2,445 5,291 4,861
Employee benefits 1,106 1,170 2,583 2,542
Equipment 470 445 964 935
Net occupancy 710 722 1,433 1,464
Core deposit and other intangibles 312 349 624 690
FDIC and other deposit assessments 222 225 470 468
Other 3,107 3,043 5,824 5,659
Total noninterest expense 12,469 12,194 24,976 24,142
Income before income tax expense 8,549 8,655 16,712 17,007
Income tax expense 2,763 2,869 5,042 5,146
Net income before noncontrolling interests 5,786 5,786 11,670 11,861
Less: Net income from noncontrolling interests 67 60 147 242
Wells Fargo net income 5,719 5,726 11,523 11,619
Less: Preferred stock dividends and other 356 302 699 588
Wells Fargo net income applicable to common stock $ 5,363 $ 5,424 $ 10,824 $ 11,031
Per share information        
Earnings per common share (in dollars per share) $ 1.04 $ 1.02 $ 2.10 $ 2.09
Diluted earnings per common share (in dollars per share) 1.03 1.01 2.07 2.06
Dividends declared per common share (in dollars per share) $ 0.375 $ 0.35 $ 0.725 $ 0.65
Average common shares outstanding (in shares) 5,151.9 5,268.4 5,156.1 5,265.6
Diluted average common shares outstanding (in shares) 5,220.5 5,350.8 5,233.2 5,353.2