Other noninterest income includes net gains on debt securities available for sale, net gains from equity investments, lease income, life insurance investment income and all other noninterest income.
Common Equity Tier 1 ratio at 6/30/2015 was preliminary upon release of the second quarter earnings report. Finalized data will be reported in Wells Fargo’s Second Quarter 2015 Form 10-Q. Additional information regarding our Common Equity Tier 1 ratio is included on page 35 of the Second Quarter Earnings Release.
As of May 2015
Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that PTPP is a useful financial measure because it enables investors and others to assess the Company's ability to generate capital to cover credit losses through a credit cycle.
The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income).
Core deposits are noninterest-bearing deposits, interest-bearing checking, savings certificates, certain market rate and other savings, and certain foreign deposits (Eurodollar sweep balances).
The management accounting process measures the performance of the operating segments based on our management structure and is not necessarily comparable with other similar information for other financial services companies. We define our operating segments by product type and customer segment.
Includes corporate items not specific to a business segment and the elimination of certain items that are included in more than one business segment, substantially all of which represents products and services for wealth management customers provided in Community Banking stores.
For complete information on second quarter 2015 earnings, please visit Quarterly Earnings
. This Investment Profile contains forward-looking statements about our future financial performance. For information that could cause actual results to differ materially from expectations, please review the Forward-Looking Statements discussion on pages 12-13 of the Second Quarter 2015 Earnings Release (PDF)*
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