v2.4.0.6
Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2013
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)  2013 2012  2013 2012  2013 2012  2013 2012  2013 2012
Quarter ended March 31,               
Net interest income (2) $ 7,119 7,326  3,005 3,181  669 701  (294) (320)  10,499 10,888
Provision (reversal of provision)               
 for credit losses  1,262 1,878  (58) 95  14 43  1 (21)  1,219 1,995
Noninterest income  5,780 6,095  3,081 2,852  2,528 2,361  (629) (560)  10,760 10,748
Noninterest expense  7,377 7,825  3,091 3,054  2,639 2,547  (707) (433)  12,400 12,993
Income (loss) before income                
 tax expense (benefit)  4,260 3,718  3,053 2,884  544 472  (217) (426)  7,640 6,648
Income tax expense (benefit)  1,288 1,293  1,007 1,016  207 181  (82) (162)  2,420 2,328
Net income (loss) before                
 noncontrolling interests  2,972 2,425  2,046 1,868  337 291  (135) (264)  5,220 4,320
Less: Net income (loss) from                
 noncontrolling interests  48 77  1 -  - (5)  - -  49 72
Net income (loss) (3) $ 2,924 2,348  2,045 1,868  337 296  (135) (264)  5,171 4,248
Average loans$ 498.9 486.1  284.5 268.6  43.8 42.5  (29.1) (28.6)  798.1 768.6
Average assets  799.6 738.3  496.1 467.8  180.3 161.9  (71.7) (65.1)  1,404.3 1,302.9
Average core deposits  619.2 575.2  224.1 220.9  149.4 135.6  (66.8) (61.2)  925.9 870.5
                   
                   

  • Includes Wachovia integration expenses, through completion in the first quarter of 2012, 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.