Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 141

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 7
Chunk 141
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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 5,286 Operating lease ROU assets (lessee)3,753 3,850 Other (3)22,806 18,472 Total other assets$86,457 73,302 (1)Corporate/bank-owned life insurance is recognized at cash surrender value.(2)Includes derivatives clearinghouse receivables and trade date receivables.(3)Includes income tax receivables, prepaid expenses, and physical commodities inventory (recognized at lower of cost or fair value (LOCOM)).

Wells Fargo & Company85