Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 198

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 15
Chunk 198
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 income is interest earned on assets minus the interest paid on liabilities to fund those assets. Segment interest earned includes actual interest income on segment assets as well as a funding credit for their deposits. Segment interest paid on liabilities includes actual interest expense on segment liabilities as well as a funding charge for their assets.

Wells Fargo & Company115

Note 18:  Revenue and ExpensesRevenueOur revenue includes net interest income on financial instruments and noninterest income. Table 18.1 presents our revenue by operating segment. For additional description of ouroperating segments, including additional financial information and the underlying management accounting process, seeNote 17 (Operating Segments). For a description of our revenue from contracts with customers, see Note 21 (Revenue and Expenses) in our 2024 Form 10-K.Table 18.1:  Revenue by Operating Segment(in millions)Consumer Banking and LendingCommercial BankingCorporate and Investment BankingWealth and Investment ManagementCorporateReconcilingItems (1)ConsolidatedCompanyQuarter ended March 31, 2025Net interest income (2)$6,943 1,977 1,790 826 36 (77)11,495 Noninterest income:Deposit-related fees651 335 275 7 1 — 1,269 Lending-related fees (2)23 136 201 4 — — 364 Investment advisory and other asset-based fees (3)— 21 41 2,474 — — 2,536 Commissions and brokerage services fees— — 104 534 — — 638 Investment banking fees— 29 765 — (19)— 775 Card fees:Card interchange and network revenue (4)854 49 14 1 1 — 919 Other card fees (2)124 — — — 1 — 125 Total card fees978 49 14 1 2 — 1,044 Mortgage banking (2)222 — 114 (4)— — 332 Net gains (losses) from trading activities (2)— — 1,347 27 (1)— 1,373 Net gains (losses) from debt securities (2)— 2 — — (149)— (147)Net gains (losses) from equity securities (2)(7)(5)31 (12)(350