EXHIBIT 12(b)
WELLS FARGO & COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS
		Quarter ended June 30,			Six months ended June 30,
(in millions)		2015		2014	2015		2014
Earnings including interest on deposits(1):
	Income before income tax expense	$	8,549	8,655	$	16,712	17,007
	Less: Net income from noncontrolling interests	67		60	147		242
	Income before income tax expense and after noncontrolling interests	8,482		8,595	16,565		16,765
	Fixed charges	1,056		1,100	2,133		2,194
		9,538		9,695	18,698		18,959
Preferred dividend requirement		$	356	453	$	699	847
Tax factor (based on effective tax rate)		1.48		1.50	1.44		1.44
Preferred dividends (2)		$	526	453	$	1,005	847
Fixed charges (1):
	Interest expense	956		1,002	1,933		1,999
	Estimated interest component of net rental expense	100		98	200		195
		1,056		1,100	2,133		2,194
	Fixed charges and preferred dividends	$	1,582	1,553	$	3,138	3,041
Ratio of earnings to fixed charges and preferred dividends (3)		6.03		6.24	5.96		6.23
Earnings excluding interest on deposits:
	Income before income tax expense and after noncontrolling interests	$	8,482	8,595	$	16,565	16,765
	Fixed charges	824		825	1,643		1,640
		9,306		9,420	18,208		18,405
Preferred dividends (2)		526		453	1,005		847
Fixed charges:
	Interest expense	956		1,002	1,933		1,999
	Less: Interest on deposits	232		275	490		554
	Estimated interest component of net rental expense	100		98	200		195
		824		825	1,643		1,640
	Fixed charges and preferred dividends	$	1,350	1,278	$	2,648	2,487
Ratio of earnings to fixed charges and preferred dividends (3)		6.89		7.37	6.88		7.40

(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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