Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 63

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 63
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)Represents balance sheet netting of derivative asset and liability balances, related cash collateral, and portfolio level valuation adjustments. See Note 11 (Derivatives) for additional information.

Wells Fargo & Company99

Note 12:  Fair Value Measurements (continued)

Level 3 Assets and Liabilities Recorded at Fair Value on a Recurring BasisTable 12.2 presents the changes in Level 3 assets and liabilities measured at fair value on a recurring basis.Table 12.2:  Changes in Level 3 Fair Value Assets and Liabilities on a Recurring Basis Net unrealized gains (losses)related to assets and liabilities held at period end(in millions)Balance,beginningof periodNet gains/(losses) (1)Purchases (2)SalesSettlementsTransfers into Level 3 (3)Transfersout ofLevel 3 (4)Balance,end ofperiod(5)Quarter ended September 30, 2025Trading debt securities$108 (3)42 (43)(1)4 (3)104 (1)(6)Available-for-sale debt securities209 11 3 — (2)— — 221 9 (6)Loans held for sale150 2 13 (47)(5)45 (8)150 3 (7)Mortgage servicing rights (residential) (8)6,417 (94)27 (183)— — — 6,167 98 (7)Net derivative assets and liabilities:Interest rate contracts(180)53 — — 23 — 43 (61)117 Equity contracts(1,045)(185)— — 187 (32)53 (1,022)(60)Other derivative contracts(24)56 — (1)(48)— — (17)(13)Total derivative contracts(1,249)(76)— (1)162 (32)96 (1,100)44 (9)Equity securities65 (1)51 (54)— 1 — 62 — (6)Other assets and liabilities73 38 — — — — — 111 38 (10)Quarter ended September 30, 2024Trading debt securities$166 (15)10 (42)4 16 (2)137 (11