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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Debt securities $ 16,108 $ 11,781 $ 9,253
Loans held for sale 363 513 865
Loans 57,155 37,715 28,634
Equity securities 682 707 608
Other interest income 10,810 3,308 334
Total interest income 85,118 54,024 39,694
Interest expense      
Deposits 16,503 2,349 388
Short-term borrowings 3,848 582 (41)
Long-term debt 11,572 5,505 3,173
Other interest expense 820 638 395
Total interest expense 32,743 9,074 3,915
Net interest income 52,375 44,950 35,779
Noninterest income      
Deposit and lending-related fees 6,140 6,713 6,920
Card fees 4,256 4,355 4,175
Mortgage banking 829 1,383 4,956
Net gains (losses) from trading and securities 4,368 1,461 7,264
Other 1,935 2,821 [1] 4,408 [1]
Total noninterest income 30,222 29,418 43,387
Total revenue 82,597 74,368 79,166
Provision for credit losses 5,399 1,534 (4,155)
Noninterest expense      
Personnel 35,829 34,340 35,541
Technology, telecommunications and equipment 3,920 3,375 3,227
Occupancy 2,884 2,881 2,968
Operating losses 1,183 6,984 1,568
Professional and outside services 5,085 5,188 5,723
Advertising and promotion 812 505 600
Other 5,849 3,932 [1] 4,131 [1]
Total noninterest expense 55,562 57,205 53,758
Income (loss) before income tax expense 21,636 15,629 29,563
Income tax expense (benefit) 2,607 2,251 [1] 5,764 [1]
Net income (loss) before noncontrolling interests 19,029 13,378 [2],[3] 23,799 [2],[3]
Net income (loss) from noncontrolling interests (113) (299) 1,690
Wells Fargo net income (loss) 19,142 13,677 [1] 22,109 [1]
Preferred stock dividends and other 1,160 1,115 1,291
Wells Fargo net income (loss) applicable to common stock $ 17,982 $ 12,562 $ 20,818
Per share information      
Earnings per common share (in dollars per share) $ 4.88 $ 3.30 $ 5.13
Diluted earnings per common share (in dollars per share) $ 4.83 $ 3.27 $ 5.08
Average common shares outstanding (in shares) 3,688.3 3,805.2 4,061.9
Diluted average common shares outstanding (in shares) 3,720.4 3,837.0 4,096.2
Investment advisory and other asset-based fees [Member]      
Noninterest income      
Fee income $ 8,670 $ 9,004 $ 11,011
Commissions and brokerage services fees [Member]      
Noninterest income      
Fee income 2,375 2,242 2,299
Investment banking fees [Member]      
Noninterest income      
Fee income $ 1,649 $ 1,439 $ 2,354
[1] In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[2] In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[3] In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).