Earnings Per Common Share

6 Months Ended

Jun. 30, 2015

Note 16: 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. See Note 1 (Summary of Significant Accounting Policies) for discussion of private share repurchases and the Consolidated Statement of Changes in Equity.



	Quarter ended June 30,			Six months ended June 30,
(in millions, except per share amounts)	2015		2014	2015		2014
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 (numerator)	$	5,363	5,424	$	10,824	11,031
Earnings per common share
Average common shares outstanding (denominator)	5,151.9		5,268.4	5,156.1		5,265.6
Per share	$	1.04	1.02	$	2.10	2.09
Diluted earnings per common share
Average common shares outstanding	5,151.9		5,268.4	5,156.1		5,265.6
Add: Stock options	27.3		33.4	28.1		33.7
Restricted share rights	26.8		36.4	34.6		42.3
Warrants	14.5		12.6	14.4		11.6
Diluted average common shares outstanding (denominator)	5,220.5		5,350.8	5,233.2		5,353.2
Per share	$	1.03	1.01	$	2.07	2.06

The following table presents any 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 June 30,		Six months ended June 30,
(in millions)	2015	2014	2015	2014
Options	5.6	7.8	6.3	8.6