Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 36

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 36
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2026, 2027, 2028, 2029, and 2030, respectively.(3)Represents the reduction in the cash flows expected to be collected during the period, net of income accreted due to the passage of time, for residential MSRs measured using the fair value method.(4)Refer to the analysis of changes in residential MSRs presented in Table 6.1 in this Note for more detail.(5)See Note 11 (Derivatives) for additional information on economic hedges for residential MSRs.(6)Includes net gains (losses) of $(12) million and $37 million in first quarter 2025 and 2024, respectively, related to derivatives used as economic hedges of mortgage loans held for sale and derivative loan commitments.

84Wells Fargo & Company

Note 7:  Intangible Assets and Other AssetsIntangible assets include MSRs, goodwill, and customer relationship and other intangibles. For additional information on MSRs, see Note 6 (Mortgage Banking Activities). Customer relationship and other intangibles, which are included in other assets on our consolidated balance sheet, had a net carrying value of $65 million and $73 million at March 31, 2025, and December 31, 2024, respectively.Table 7.1 shows the allocation of goodwill to our reportable operating segments.Table 7.1:  Goodwill(in millions) Consumer Banking and LendingCommercial BankingCorporate and Investment BankingWealth and Investment ManagementCorporateConsolidated CompanyDecember 31, 2024$16,418 2,925 5,375 344 105 25,167 Divestitures— — (101)— — (101)March 31, 2025$16,418 2,925 5,274 344 105 25,066 Table 7.2 presents the components of other assets.Table 7.2:  Other Assets(in millions)Mar 31, 2025Dec 31, 2024Corporate/bank-owned life insurance (1)$19,761 19,751 Accounts receivable (2)28,596 19,608 Interest receivable:AFS and HTM debt securities1,537 1,544 Loans3,270 3,420 Trading and other1,533 1,371 Operating lease assets (lessor)5,201 5