Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 102

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 2
Chunk 102
---
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)  Mar 31,2025Dec 31,2024Trading assets:Debt securities$125,037 121,205 Equity securities23,320 19,270 Loans held for sale3,330 3,587 Gross trading derivative assets71,861 97,696 Netting (1)(53,506)(77,926)Total trading derivative assets18,355 19,770 Total trading assets170,042 163,832 Trading liabilities:Short sale and other liabilities34,032 28,744 Interest-bearing deposits173 318 Long-term debt4,069 3,495 Gross trading derivative liabilities73,070 96,783 Netting (1)(62,761)(81,345)Total trading derivative liabilities10,309 15,438 Total trading liabilities$48,583 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 net interest income earned from trading assets and liabilities, and net gains and losses due to the realized and unrealized gains and losses from trading activities. Net interest income also includes dividend income on trading securities and dividend expense on trading securities we have sold, but not yet purchased.Table 2.2:  Net Interest Income and Net Gains (Losses) from Trading ActivitiesQuarter ended March 31,(in millions)20252024Net interest income:Interest income (1)$1,521 1,243 Interest expense293 181 Total net interest income1,228 1,062 Net gains (losses) from trading activities, by risk type (2):Interest rate1,319 128 Commodity221 68 Equity341 288 Foreign exchange(683)781 Credit175 189 Total net gains from trading activities1,373 1,454 Total trading-related net interest and noninterest income$2,601 2,516 (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 (loss