Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 114

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 114
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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)  Jun 30,2025Dec 31,2024Trading assets:Debt securities$127,554 121,205 Equity securities28,425 19,270 Loans held for sale3,306 3,587 Gross trading derivative assets96,973 97,696 Netting (1)(73,208)(77,926)Total trading derivative assets23,765 19,770 Total trading assets183,050 163,832 Trading liabilities:Short sale and other liabilities31,268 28,744 Interest-bearing deposits23 318 Long-term debt5,653 3,495 Gross trading derivative liabilities95,701 96,783 Netting (1)(83,879)(81,345)Total trading derivative liabilities11,822 15,438 Total trading liabilities$48,766 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 June 30,Six months ended June 30,(in millions)2025202420252024Net interest income:Interest income (1)$1,580 1,369 $3,101 2,612 Interest expense312 212 605 393 Total net interest income1,268 1,157 2,496 2,219 Net gains (losses) from trading activities, by risk type (2):Interest rate250 657 1,569 785 Commodity91 143 312 211 Equity128 451 469 739 Foreign exchange640 119 (43)900 Credit161 72 336 261 Total net gains from trading activities1,270 1,442 2,643 2,896