Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 1

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 1
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 for the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this Form 10-Q. The results of operations in the interim financial statements do not necessarily indicate the results that may be expected for the full year. The interim financial information should be read in conjunction with our 2024 Form 10-K.Accounting Standards Adopted in 2025We did not adopt any accounting standards in the first nine months of 2025.Subsequent Events We have evaluated the effects of events that have occurred subsequent to September 30, 2025, and there have been no material events that would require recognition in our third quarter 2025 consolidated financial statements or disclosure in the Notes to the consolidated financial statements.

Wells Fargo & Company61

Note 2:  Trading ActivitiesTable 2.1 presents a summary of our trading assets and liabilities measured at fair value through earnings.Table 2.1:  Trading Assets and Liabilities (in millions)  Sep 30,2025Dec 31,2024Trading assets:Debt securities$157,229 121,205 Equity securities30,846 19,270 Loans held for sale6,392 3,587 Gross trading derivative assets78,969 97,696 Netting (1)(57,045)(77,926)Total trading derivative assets21,924 19,770 Total trading assets216,391 163,832 Trading liabilities:Short sale and other liabilities34,034 28,744 Interest-bearing deposits23 318 Long-term debt6,621 3,495 Gross trading derivative liabilities76,832 96,783 Netting (1)(65,639)(81,345)Total trading derivative liabilities11,193 15,438 Total trading liabilities$51,871 47,995 (1)Represents balance sheet netting for trading derivative asset and liability balances, and trading portfolio level valuation adjustments. See Note 11 (Derivatives) for additional information.Table 2.2 provides the revenue associated with trading assets and liabilities measured at fair value through earnings. Accordingly, revenue for trading-related assets and liabilities that are not measured at fair value is not included in the table, such as securities purchased under resale agreements and securities sold or loaned under agreements to repurchase in our Corporate and Investment Banking (CIB) Markets business.Net interest income also includes dividend income on trading securities and dividend expense on trading securities we have sold,