Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 1

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 1
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 the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this Form 10-Q. The results of operations in the interim financial statements do not necessarily indicate the results that may be expected for the full year. The interim financial information should be read in conjunction with our 2024 Form 10-K.Accounting Standards Adopted in 2025We did not adopt any accounting standards in the first half of 2025.Subsequent Events We have evaluated the effects of events that have occurred subsequent to June 30, 2025, and there have been no material events that would require recognition in our second quarter 2025 consolidated financial statements or disclosure in the Notes to the consolidated financial statements.

62Wells Fargo & Company

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)