v2.4.0.6
Operating Segment (Tables)
 3 Months Ended
Mar. 31, 2012
Operating Segment (Tables) [Abstract]  
Financial Information of Operating Segment
                   
                   
         Wealth, Brokerage    Consolidated
(income/expense in millions,  Community Banking Wholesale Banking  and Retirement  Other (1) Company
average balances in billions)  2012 2011  2012 2011  2012 2011  2012 2011  2012 2011
Quarter ended March 31,               
Net interest income (2) $ 7,326 7,575  3,181 2,718  701 700  (320) (342)  10,888 10,651
Provision for credit losses  1,878 2,061  95 134  43 40  (21) (25)  1,995 2,210
Noninterest income  6,095 5,082  2,852 2,704  2,361 2,454  (560) (562)  10,748 9,678
Noninterest expense  7,825 7,622  3,054 2,789  2,547 2,557  (433) (235)  12,993 12,733
Income (loss) before income                
 tax expense (benefit)  3,718 2,974  2,884 2,499  472 557  (426) (644)  6,648 5,386
Income tax expense (benefit)  1,293 745  1,016 862  181 210  (162) (245)  2,328 1,572
Net income (loss) before                
 noncontrolling interests  2,425 2,229  1,868 1,637  291 347  (264) (399)  4,320 3,814
Less: Net income (loss) from                
 noncontrolling interests  77 49  - 2  (5) 4  - -  72 55
Net income (loss) (3) $ 2,348 2,180  1,868 1,635  296 343  (264) (399)  4,248 3,759
Average loans$ 486.1 508.4  268.6 234.7  42.5 42.7  (28.6) (31.7)  768.6 754.1
Average assets  738.3 756.7  467.8 398.8  161.9 150.7  (65.1) (65.0)  1,302.9 1,241.2
Average core deposits  575.2 548.1  220.9 184.8  135.6 125.4  (61.2) (61.5)  870.5 796.8
                   
                   

  • Includes Wachovia integration expenses and the elimination of items that are included in both Community Banking and Wealth, Brokerage and Retirement, largely representing services and products for wealth management customers provided in Community Banking stores.
  • Net interest income is the difference between interest earned on assets and the cost of liabilities to fund those assets. Interest earned includes actual interest earned on segment assets and, if the segment has excess liabilities, interest credits for providing funding to other segments. The cost of liabilities includes interest expense on segment liabilities and, if the segment does not have enough liabilities to fund its assets, a funding charge based on the cost of excess liabilities from another segment.
  • Represents segment net income (loss) for Community Banking; Wholesale Banking; and Wealth, Brokerage and Retirement segments and Wells Fargo net income for the consolidated company.