EXHIBIT 11
WELLS FARGO & COMPANY AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
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Quarter Six months
ended June 30, ended June 30,
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(in millions) 1998 1997 1998 1997
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EARNINGS PER COMMON SHARE
Net income $ 337 $ 228 $ 652 $ 568
Less preferred dividends 4 6 9 17
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Net income for calculating
earnings per common share $ 333 $ 222 $ 643 $ 551
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Average common shares outstanding 85.2 89.0 85.5 89.9
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EARNINGS PER COMMON SHARE $3.91 $2.49 $7.52 $6.12
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DILUTED EARNINGS PER COMMON SHARE
Net income $ 337 $ 228 $ 652 $ 568
Less preferred dividends 4 6 9 17
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Net income for calculating
diluted earnings per common
share $ 333 $ 222 $ 643 $ 551
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Average common shares outstanding 85.2 89.0 85.5 89.9
Add exercise of options, warrants
and share rights, reduced by
the number of shares that could
have been purchased with the
proceeds from such exercise .9 .9 .9 1.0
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Diluted average common shares
outstanding 86.1 89.9 86.4 90.9
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DILUTED EARNINGS PER COMMON SHARE $3.87 $2.47 $7.45 $6.06
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