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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Debt securities $ 2,563 $ 2,312
Loans held for sale 140 331
Loans 7,218 7,201
Equity securities 170 137
Other interest income 90 65
Total interest income 10,181 10,046
Interest expense    
Deposits 83 112
Short-term borrowings (14) (9)
Long-term debt 761 1,026
Other interest expense 130 109
Total interest expense 960 1,238
Net interest income 9,221 8,808
Noninterest income    
Deposit and lending-related fees 1,815 1,616
Card fees 1,029 949
Mortgage banking 693 1,326
Net gains from trading and securities 796 891
Other 556 982
Total noninterest income 8,371 9,724
Total revenue 17,592 18,532
Provision for credit losses (787) (1,048)
Noninterest expense    
Personnel 9,271 9,558
Technology, telecommunications and equipment 876 844
Occupancy 722 770
Operating losses 673 213
Professional and outside services 1,286 1,388
Advertising and promotion 99 90
Restructuring charges 5 13
Other 938 1,113
Total noninterest expense 13,870 13,989
Income before income tax expense 4,509 5,591
Income tax expense (benefit) 707 901
Net income before noncontrolling interests 3,802 4,690
Less: Net income from noncontrolling interests 131 54
Wells Fargo net income 3,671 4,636
Less: Preferred stock dividends and other 278 380
Wells Fargo net income applicable to common stock $ 3,393 $ 4,256
Per share information    
Earnings per common share (in dollars per share) $ 0.89 $ 1.03
Diluted earnings per common share (in dollars per share) $ 0.88 $ 1.02
Average common shares outstanding (in shares) 3,831.1 4,141.3
Diluted average common shares outstanding (in shares) 3,868.9 4,171.0
Investment advisory and other asset-based fees [Member]    
Noninterest income    
Fee income $ 2,498 $ 2,756
Commissions and brokerage services fees [Member]    
Noninterest income    
Fee income 537 636
Investment banking fees [Member]    
Noninterest income    
Fee income $ 447 $ 568