Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 91

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 91
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 23 41 2,267 — — 2,331 Commissions and brokerage services fees— — 81 545 — — 626 Investment banking fees(2)17 647 — (35)— 627 Card fees:Card interchange and network revenue (4)870 54 15 1 1 — 941 Other card fees (2)120 — — — — — 120 Total card fees990 54 15 1 1 — 1,061 Mortgage banking (2)193 — 40 (3)— — 230 Net gains from trading activities (2)— — 1,405 44 5 — 1,454 Net losses from debt securities (2)— — — — (25)— (25)Net gains (losses) from equity securities (2)— 20 5 — (7)— 18 Lease income (2)— 149 122 — 150 — 421 Other (2)99 189 134 11 201 (338)296 Total noninterest income1,981 874 2,955 2,873 291 (338)8,636 Total revenue$9,091 3,152 4,982 3,742 323 (427)20,863 (1)Taxable-equivalent adjustments related to tax-exempt income on certain loans and debt securities are included in net interest income, while taxable-equivalent adjustments related to income tax credits for affordable housing and renewable energy investments are included in noninterest income, in each case with corresponding impacts to income tax expense (benefit). Adjustments are included in Corporate, Commercial Banking, and Corporate and Investment Banking and are eliminated to reconcile to the Company’s consolidated financial results.(2)These revenue types are related to financial assets and liabilities, including loans, leases, securities and derivatives, with additional details included in other footnotes to our financial statements.(3)We earned trailing commissions of $233 million and $231 million, for the quarters ended March 31, 2025 and 2024, respectively.(4)The cost of credit card rewards and rebates of $667 million and $651 million, for the quarters ended March 31, 2025 and 2024, respectively, are presented net against the related revenue