Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 2

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 2
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 but not yet purchased.Table 2.2:  Net Interest Income and Net Gains (Losses) from Trading ActivitiesQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Net interest income:Interest income (1)$1,710 1,453 $4,811 4,065 Interest expense343 211 948 604 Total net interest income1,367 1,242 3,863 3,461 Net gains (losses) from trading activities, by risk type (2):Interest rate468 862 2,037 1,647 Commodity265 110 577 321 Equity332 254 801 993 Foreign exchange214 (137)171 763 Credit187 349 523 610 Total net gains from trading activities1,466 1,438 4,109 4,334 Total trading-related net interest and noninterest income$2,833 2,680 $7,972 7,795 (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.

62Wells Fargo & Company

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