Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 116

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 116
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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, but not yet purchased.Table 2.2:  Net Interest Income and Net Gains (Losses) from Trading ActivitiesQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Net interest income:Interest income (1)$1,710 1,453 $4,811 4,065 Interest expense343 211 948 604 Total net interest income1,367 1,242 3,863 3,461 Net gains (losses) from trading activities, by risk type (2):Interest rate468 862 2,037 1,647 Commodity265 110 577 321 Equity332 254 801 993