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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Debt securities $ 3,043 $ 2,354 $ 8,308 $ 6,865
Loans held for sale 120 172 386 696
Loans 10,158 7,057 25,492 21,353
Equity securities 156 146 519 415
Other interest income 1,017 105 1,526 244
Total interest income 14,494 9,834 36,231 29,573
Interest expense        
Deposits 513 99 754 303
Short-term borrowings 158 (7) 175 (28)
Long-term debt 1,553 745 3,325 2,483
Other interest expense 172 88 460 298
Total interest expense 2,396 925 4,714 3,056
Net interest income 12,098 8,909 31,517 26,517
Noninterest income        
Deposit and lending-related fees 1,647 1,781 5,191 5,101
Card fees 1,119 1,078 3,260 3,104
Mortgage banking 324 1,259 1,304 3,921
Net gains from trading and securities 872 1,244 1,642 4,852
Other 397 609 1,507 2,283
Total noninterest income 7,407 9,925 22,608 31,119
Total revenue 19,505 18,834 54,125 57,636
Provision for credit losses 784 (1,395) 577 (3,703)
Noninterest expense        
Personnel 8,212 8,690 25,925 27,066
Technology, telecommunications and equipment 798 741 2,473 2,400
Occupancy 732 738 2,159 2,243
Operating losses 2,218 540 3,467 1,056
Professional and outside services 1,235 1,417 3,831 4,255
Advertising and promotion 126 153 327 375
Restructuring charges 0 1 5 10
Other 1,006 1,023 2,893 3,228
Total noninterest expense 14,327 13,303 41,080 40,633
Income before income tax expense 4,394 6,926 12,468 20,706
Income tax expense 894 1,521 2,214 3,867
Net income before noncontrolling interests 3,500 5,405 10,254 16,839
Less: Net income (loss) from noncontrolling interests (28) 283 (64) 1,041
Wells Fargo net income 3,528 5,122 10,318 15,798
Less: Preferred stock dividends and other 278 335 836 1,012
Wells Fargo net income applicable to common stock $ 3,250 $ 4,787 $ 9,482 $ 14,786
Per share information        
Earnings per common share (in dollars per share) $ 0.86 $ 1.18 $ 2.49 $ 3.60
Diluted earnings per common share (in dollars per share) $ 0.85 $ 1.17 $ 2.47 $ 3.57
Average common shares outstanding (in shares) 3,796.5 4,056.3 3,807.0 4,107.1
Diluted average common shares outstanding (in shares) 3,825.1 4,090.4 3,838.5 4,140.0
Investment advisory and other asset-based fees [Member]        
Noninterest income        
Fee income $ 2,111 $ 2,882 $ 6,955 $ 8,432
Commissions and brokerage services fees [Member]        
Noninterest income        
Fee income 562 525 1,641 1,741
Investment banking fees [Member]        
Noninterest income        
Fee income $ 375 $ 547 $ 1,108 $ 1,685