Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 222

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 15
Chunk 222
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)— 43 79 4,624 — — 4,746 Commissions and brokerage services fees— — 174 1,066 — — 1,240 Investment banking fees(3)41 1,281 — (51)— 1,268 Card fees:Card interchange and network revenue (4)1,782 105 28 2 1 — 1,918 Other card fees (2)244 — — — — — 244 Total card fees2,026 105 28 2 1 — 2,162 Mortgage banking (2)328 — 151 (6)— — 473 Net gains (losses) from trading activities (2)— (1)2,792 83 22 — 2,896 Net losses from debt securities (2)— — — — (25)— (25)Net gains from equity securities (2)— 14 14 15 55 — 98 Lease income (2)— 282 122 — 309 — 713 Other (2)(4)198 380 274 25 371 (632)616 Total noninterest income3,963 1,715 5,848 5,825 683 (632)17,402 Total revenue$18,097 6,274 9,820 7,600 571 (810)41,552 (1)Taxable-equivalent adjustments related to tax-exempt income on certain loans and debt securities are included in net interest income, while taxable-equivalent adjustments related to income tax credits for affordable housing and renewable energy investments are included in noninterest income, in each case with corresponding impacts to income tax expense (benefit). Adjustments are included in Corporate, Commercial Banking, and Corporate and Investment Banking and are eliminated to reconcile to the Company’s consolidated financial results.(2)These revenue types are related to financial assets and liabilities, including loans, leases, securities and derivatives, with additional details included in other footnotes to our financial statements.(3)We earned trailing commissions of $222 million and $455 million for the second quarter and first half of 2025, respectively, and $232 million and $463 million for the second quarter and first half of 2024, respectively.(4)The cost of credit card rewards