Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 2

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 2
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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 (losses) on foreign currency-denominated assets and liabilities, including related hedges. See Note 11 (Derivatives) for additional information.

60Wells 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 uncollectible.Outstanding balances exclude accrued interest receivable on AFS and HTM debt securities, which are included in other assets. See Note 7 (Intangible Assets and Other Assets) for additional information on accrued interest receivable. Amounts considered to be uncollectible are reversed through interest income.Table 3.1:  Available-for-Sale and Held-to-Maturity Debt Securities Outstanding(in millions)Amortizedcost, net (1)Gross unrealized gainsGrossunrealized lossesNet unrealized gains (losses)Fair valueMarch 31