EXHIBIT 12(b)
WELLS FARGO & COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS
		Quarter ended Sep 30,			Nine months ended Sep 30,
(in millions)		2015		2014	2015		2014
Earnings including interest on deposits(1):
	Income before income tax expense	$	8,773	8,597	$	25,485	25,604
	Less: Net income from noncontrolling interests	187		226	334		468
	Income before income tax expense and after noncontrolling interests	8,586		8,371	25,151		25,136
	Fixed charges	1,089		1,120	3,222		3,314
		9,675		9,491	28,373		28,450
Preferred dividend requirement		$	356	321	$	1,055	908
Tax factor (based on effective tax rate)		1.48		1.46	1.45		1.45
Preferred dividends (2)		$	527	469	$	1,532	1,316
Fixed charges (1):
	Interest expense	988		1,023	2,921		3,022
	Estimated interest component of net rental expense	101		97	301		292
		1,089		1,120	3,222		3,314
	Fixed charges and preferred dividends	$	1,616	1,589	$	4,754	4,630
Ratio of earnings to fixed charges and preferred dividends (3)		5.99		5.97	5.97		6.14
Earnings excluding interest on deposits:
	Income before income tax expense and after noncontrolling interests	$	8,586	8,371	$	25,151	25,136
	Fixed charges	857		847	2,500		2,487
		9,443		9,218	27,651		27,623
Preferred dividends (2)		527		469	1,532		1,316
Fixed charges:
	Interest expense	988		1,023	2,921		3,022
	Less: Interest on deposits	232		273	722		827
	Estimated interest component of net rental expense	101		97	301		292
		857		847	2,500		2,487
	Fixed charges and preferred dividends	$	1,384	1,316	$	4,032	3,803
Ratio of earnings to fixed charges and preferred dividends (3)		6.82		7.00	6.86		7.26

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

(2) The preferred dividends were increased to amounts representing the pretax earnings that would be required to cover such dividend 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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