Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 209

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 15
Chunk 209
---
FASBFinancial Accounting Standards BoardRWAsRisk-weighted assetsFDICFederal Deposit Insurance CorporationSECSecurities and Exchange CommissionFHAFederal Housing AdministrationS&PStandard & Poor’s Global RatingsFHLBFederal Home Loan BankSLRSupplementary leverage ratioFHLMCFederal Home Loan Mortgage CorporationSOFRSecured Overnight Financing RateFICOFair Isaac Corporation (credit rating)SPESpecial purpose entityFNMAFederal National Mortgage AssociationTLACTotal Loss Absorbing CapacityFRBBoard of Governors of the Federal Reserve SystemVADepartment of Veterans AffairsFVAFunding valuation adjustmentVaRValue-at-RiskGAAPGenerally accepted accounting principlesVIEVariable interest entityGNMAGovernment National Mortgage AssociationWIMWealth and Investment Management

124Wells Fargo & Company

PART II – OTHER INFORMATION

Item 1.    Legal Proceedings

Information in response to this item can be found in Note 10 (Legal Actions) to Financial Statements in this Report which information is incorporated by reference into this item.

Item 1A.    Risk Factors

Information in response to this item can be found under the “Financial Review – Risk Factors” section in this Report which information is incorporated by reference into this item. 

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

The following table shows Company repurchases of its common stock for each calendar month in the quarter ended March 31, 2025. 

Calendar monthTotal numberof sharesrepurchased (1)Weighted averageprice paid per shareApproximate dollarvalue of shares thatmay yet berepurchased underthe authorization(in millions)January— $— $7,274 February36,567,268 79.13 4,380 March7,971,867 76.05 3,774 Total44,539,135 

(1)All shares were repurchased under an authorization covering up to $30 billion of common stock approved by the Board of Directors and publicly announced by the Company on July 25, 2023. Unless modified or revoked by the Board of Directors, this authorization does not expire. In addition, on April 29, 2025, the Company publicly announced that the Board of Directors authorized the repurchase of up to an additional $40 billion of common stock.

Item 5.    Other Information

Trading Plans

During the quarter ended March 31, 2025, no director or officer (as defined in Rule 16