Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 2

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 2
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2025202420252024Net interest income:Interest income (1)$1,580 1,369 $3,101 2,612 Interest expense312 212 605 393 Total net interest income1,268 1,157 2,496 2,219 Net gains (losses) from trading activities, by risk type (2):Interest rate250 657 1,569 785 Commodity91 143 312 211 Equity128 451 469 739 Foreign exchange640 119 (43)900 Credit161 72 336 261 Total net gains from trading activities1,270 1,442 2,643 2,896 Total trading-related net interest and noninterest income$2,538 2,599 $5,139 5,115 (1)Substantially all relates to interest income on debt and equity securities.(2)Includes gains (losses) on trading portfolio level valuation adjustments, as well as remeasurement gains (losses) on foreign currency-denominated assets and liabilities, including related hedges. See Note 11 (Derivatives) for additional information.

Wells Fargo & Company63

Note 3:  Available-for-Sale and Held-to-Maturity Debt SecuritiesTable 3.1 provides the amortized cost, net of the allowance for credit losses (ACL) for debt securities, and fair value by major categories of available-for-sale (AFS) debt securities, which are carried at fair value, and held-to-maturity (HTM) debt securities, which are carried at amortized cost, net of the ACL. The net unrealized gains (losses) for AFS debt securities are reported as a component of accumulated other comprehensive income (AOCI), net of the ACL and applicable income taxes. Information on debt securities held for trading is included in Note 2 (Trading Activities). For both AFS and HTM debt securities, amortized cost is the unpaid principal amount, net of unamortized basis adjustments. Basis adjustments may include purchase premiums or discounts, fair value hedge accounting basis adjustments, fair value write-downs related to recognition of intent to sell, impairment losses, and charge-offs or recoveries of amounts deemed uncollectible.Outstanding balances exclude accrued interest receivable on AFS and HTM debt securities, which are included in other assets. See Note 7 (Intangible Assets and Other Assets) for additional information on