Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 11

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 11
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 yield3.62 %— 5.31 3.09 3.58 Collateralized loan obligationsAmortized cost, net$11,577 — 50 11,527 — Fair value11,608 — 50 11,558 — Weighted average yield5.96 %— 6.19 5.95 — Other debt securitiesAmortized cost, net$1,721 — 979 742 — Fair value1,698 — 954 744 — Weighted average yield5.27 %— 4.75 5.95 — Total held-to-maturity debt securitiesAmortized cost, net$227,227 148 1,580 12,787 212,712 Fair value189,512 147 1,548 12,794 175,023 Weighted average yield (1)2.56 %0.91 4.04 5.82 2.35 (1)Weighted average yields are calculated using the effective yield method and are weighted based on amortized cost, net of ACL. The effective yield method is calculated using the contractual coupon and the impact of any premiums and discounts and is shown pre-tax. We have not included the effect of any related hedging derivatives. The effective yield for mortgage-backed securities excludes unscheduled principal payments, and remaining expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations before the underlying mortgages mature.

66Wells Fargo & Company

Note 4:  Equity SecuritiesTable 4.1 provides a summary of our equity securities by business purpose and accounting method.Table 4.1:  Equity Securities(in millions) Mar 31,2025Dec 31,2024Equity securities held for trading at fair value (1)$23,320 19,270 Not held for trading:Equity securities at fair value (2)2,794 3,052 Tax credit investments (3)21,311 21,933 Private equity (4)12,573 12,607 Federal Reserve Bank stock and other at cost (5)3,603 3,782 Total equity securities not held for trading40,281 41,374 Total equity securities$63,601 60,644 (1)Represents securities held as part of our customer accommodation