Earnings Per Common Share

6 Months Ended

Jun. 30, 2011

Earnings Per Common Share [Abstract]

Earnings Per Common Share

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.

	Quarter ended June 30,				Six months ended June 30,
(in millions, except per share amounts)	2011		2010		2011		2010
Wells Fargo net income	$	3,948		3,062		7,707		5,609
Less: Preferred stock dividends and other (1)		220		184		409		359
Wells Fargo net income applicable to common stock (numerator)	$	3,728		2,878		7,298		5,250
Earnings per common share
Average common shares outstanding (denominator)		5,286.5		5,219.7		5,282.7		5,205.1
Per share	$	0.70		0.55		1.38		1.01
Diluted earnings per common share
Average common shares outstanding		5,286.5		5,219.7		5,282.7		5,205.1
Add: Stock Options		24.7		32.9		28.8		32.1
Restricted share rights		20.5		8.2		18.4		5.8
Diluted average common shares outstanding (denominator)		5,331.7		5,260.8		5,329.9		5,243.0
Per share	$	0.70		0.55		1.37		1.00

(1) Includes preferred stock dividends of $220 million and $185 million for second quarter 2011 and 2010 and $404 million and $369 million for the first half of 2011 and 2010, respectively.

     The following table presents the 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)	2011		2010		2011		2010
Options		175.0		156.0		147.7		187.0
Warrants		39.4		78.6		39.4		94.4