Income StatementBalance SheetCash FlowSegments
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Wells Fargo & Company Business Segments

Business, geographic, and product segment breakdowns

Wells Fargo & Company generates $85.0B in annual revenue across 4 key segments: Commercial Banking ($675.09B), Consumer Banking and Lending ($978.42B), Corporate and Investment Banking ($930.76B), and Wealth And Investment Management ($260.30B). Based on the Q1 2026 filing.

Commercial Banking (TTM)$675.09BConsumer Banking and Lending (TTM)$978.42BCorporate and Investment Banking (TTM)$930.76BWealth And Investment Management (TTM)$260.30B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$233.80B
P/E Ratio10.78
ROE12.07%

Products & Services

Fee income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deposit Account$1.2B$1.3B$1.2B$1.3B$1.3B$1.3B
Investment banking fees$725.0M$775.0M$696.0M$840.0M$716.0M$796.0M
Commissions and brokerage services fees$635.0M$638.0M$610.0M$651.0M$657.0M$667.0M
Trailing commissions$242.0M$233.0M$222.0M$240.0M$250.0M$244.0M

Other Cost Of Operating Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Credit card rewards and rebates$700.0M$667.0M$737.0M$737.0M$900.0M$784.0M

Loans

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Securities based lending loans$21.4B$21.7B$23.1B$25.1B$26.2B$28.5B

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Concentration risk, percentage1.0%1.0%1.0%1.0%1.0%—

Business Segments

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Investment Banking$597.3B$632.5B$658.0B$715.7B$787.8B$805.4B
Consumer Banking and Lending$361.7B$357.3B$353.0B$363.7B$373.5B$374.0B
Commercial Banking$246.6B$252.8B$254.5B$247.2B$252.0B$261.3B
Wealth And Investment Management$90.5B$86.3B$91.3B$94.2B$96.7B$95.4B

Assets, Average Outstanding

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Investment Banking$6.8B$611.0B$641.5B$679.9B$22.9B$802.0B
Consumer Banking and Lending—$356.9B$350.6B$359.0B$2.3B$369.4B
Commercial Banking—$246.6B$249.0B$241.9B$382.0M$252.8B
Wealth And Investment Management$96.0M$86.8B$91.3B$93.1B$886.0M$94.4B

Card fees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$1.0B$978.0M$1.1B$1.2B$1.1B$1.1B
Commercial Banking$49.0M$49.0M$49.0M$47.0M$46.0M$55.0M
Corporate and Investment Banking$14.0M$14.0M$13.0M$13.0M$13.0M$16.0M
Wealth And Investment Management$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M

Deposits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$783.5B$821.3B$781.0B$782.3B$791.0B$840.6B
Corporate and Investment Banking$212.9B$209.2B$208.0B$211.1B$224.1B$214.5B
Commercial Banking$188.7B$181.5B$179.8B$177.0B$190.0B$189.8B
Wealth And Investment Management$127.0B$102.2B$122.9B$132.7B$147.6B$113.7B

Fees And Commissions Lending Activities 1

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Investment Banking$221.0M$201.0M$209.0M$214.0M$220.0M$217.0M
Commercial Banking$140.0M$136.0M$138.0M$144.0M$147.0M$150.0M
Consumer Banking and Lending$23.0M$16.0M$22.0M$22.0M$22.0M$22.0M
Wealth And Investment Management$4.0M$11.0M$4.0M$4.0M$4.0M$4.0M

Financing Receivables and Net Investment in Lease, Excluding Accrued Interest, Before Allowance for Credit Loss, Average Amount Outstanding

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Investment Banking—$277.3B$285.9B$295.9B$6.7B$342.3B
Consumer Banking and Lending—$321.5B$315.4B$325.3B$2.4B$335.3B
Commercial Banking—$223.8B$226.5B$219.4B$208.0M$229.1B
Wealth And Investment Management$190.0M$80.9B$84.9B$86.2B$891.0M$88.4B

Foreign currency translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Banking-$6.0M———$3.0M-$2.0M
Consumer Banking and Lending$0.0——$0.0$0.0$0.0
Corporate and Investment Banking$0.0——$0.0$0.0$0.0
Wealth And Investment Management$0.0——$0.0$0.0$0.0

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$16.4B$16.4B$16.4B$16.4B$16.4B$16.4B
Corporate and Investment Banking$5.4B$5.3B$5.3B$5.3B$5.3B$5.3B
Commercial Banking$2.9B$2.9B$2.9B$2.9B$2.9B$2.9B
Wealth And Investment Management$344.0M$344.0M$344.0M$344.0M$344.0M$344.0M

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$2.1B$2.3B$2.5B$2.9B$2.8B$2.6B
Corporate and Investment Banking$2.1B$2.6B$2.3B$2.6B$2.2B$2.4B
Commercial Banking$1.6B$1.1B$1.5B$1.6B$1.5B$1.4B
Wealth And Investment Management$678.0M$447.0M$641.0M$789.0M$877.0M$623.0M

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$1.6B$1.7B$1.9B$2.2B$2.1B$1.9B
Corporate and Investment Banking$1.6B$1.9B$1.7B$2.0B$1.6B$1.8B
Commercial Banking$1.2B$796.0M$1.1B$1.2B$1.1B$1.0B
Wealth And Investment Management$508.0M$349.0M$480.0M$591.0M$656.0M$468.0M

Income tax expense (benefit)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$542.0M$570.0M$621.0M$730.0M$712.0M$650.0M
Corporate and Investment Banking$528.0M$647.0M$582.0M$658.0M$552.0M$602.0M
Commercial Banking$408.0M$272.0M$369.0M$393.0M$387.0M$343.0M
Wealth And Investment Management$170.0M$98.0M$161.0M$198.0M$221.0M$155.0M

Less: Net income (loss) from noncontrolling interests

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Banking$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Consumer Banking and Lending$0.0$0.0$0.0$0.0$0.0$0.0
Corporate and Investment Banking$0.0$0.0$0.0$0.0$0.0$0.0
Wealth And Investment Management$0.0$0.0$0.0$0.0$0.0$0.0

Mortgage banking

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$185.0M$222.0M$169.0M$199.0M$179.0M$163.0M
Corporate and Investment Banking$113.0M$114.0M$64.0M$70.0M$146.0M$41.0M
Wealth And Investment Management-$4.0M-$4.0M-$3.0M-$3.0M-$3.0M-$3.0M
Commercial Banking$0.0$0.0$0.0$0.0$0.0$0.0

Net gains (losses) from debt securities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Banking$0.0$2.0M$0.0$0.0$2.0M$1.0M
Consumer Banking and Lending$0.0$0.0$0.0$0.0$0.0$0.0
Corporate and Investment Banking$0.0$0.0$0.0$0.0$0.0$0.0
Wealth And Investment Management$0.0$0.0$0.0$0.0$0.0$0.0

Net gains (losses) from equity securities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Banking—-$5.0M$3.0M$23.0M$54.0M$51.0M
Corporate and Investment Banking$4.0M$31.0M$31.0M-$4.0M$8.0M$14.0M
Consumer Banking and Lending$0.0-$7.0M$12.0M$0.0$0.0$0.0
Wealth And Investment Management$3.8M-$12.0M———$0.0

Net gains (losses) from trading activities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Investment Banking$1.0B$1.4B$1.2B$1.4B$986.0M$1.4B
Wealth And Investment Management$32.0M$27.0M$27.0M$35.0M$29.0M$20.0M
Commercial Banking-$1.0M$0.0$0.0$0.0$0.0$0.0
Consumer Banking and Lending$0.0$0.0$0.0$0.0$0.0$0.0

Net Income (Loss) Attributable to Parent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$1.6B$1.7B$1.9B$2.2B$2.1B$1.9B
Corporate and Investment Banking$1.6B$1.9B$1.7B$2.0B$1.6B$1.8B
Commercial Banking$1.2B$794.0M$1.1B$1.2B$1.1B$1.0B
Wealth And Investment Management$508.0M$349.0M$480.0M$591.0M$656.0M$468.0M

Net interest income (expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$7.0B$7.0B$7.2B$7.5B$7.5B$7.6B
Corporate and Investment Banking$2.1B$1.8B$1.8B$1.9B$2.1B$2.2B
Commercial Banking$2.2B$2.0B$2.0B$1.9B$2.0B$2.0B
Wealth And Investment Management$856.0M$730.0M$891.0M$974.0M$993.0M$905.0M

Noninterest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Investment Banking$2.6B$3.3B$2.9B$3.0B$2.5B$3.1B
Wealth And Investment Management$3.1B$2.7B$3.0B$3.2B$3.4B$3.0B
Consumer Banking and Lending$2.0B$2.3B$2.0B$2.1B$2.0B$2.4B
Commercial Banking$923.0M$948.0M$950.0M$1.1B$1.1B$1.1B

Nonpersonnel expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$2.5B$2.3B$2.3B$2.4B$2.4B$2.6B
Corporate and Investment Banking$817.0M$768.0M$799.0M$863.0M$902.0M$892.0M
Wealth And Investment Management$638.0M$465.0M$615.0M$665.0M$634.0M$565.0M
Commercial Banking$559.0M$531.0M$537.0M$533.0M$519.0M$534.0M

Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Banking$806.0M$381.0M$272.0M$384.0M$828.0M$523.0M
Corporate and Investment Banking$182.0M$371.0M$208.0M$58.0M$59.0M$152.0M
Consumer Banking and Lending$77.0M$131.0M$65.0M$65.0M$55.0M$100.0M
Wealth And Investment Management$20.0M-$11.0M———$0.0

Other Credit And Debit Card Fees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$126.0M$124.0M$137.0M$189.0M$166.0M$170.0M
Commercial Banking$0.0$0.0$0.0$0.0$0.0$0.0
Corporate and Investment Banking$0.0$0.0$0.0$0.0$0.0$0.0
Wealth And Investment Management$0.0$0.0$0.0$0.0$0.0$0.0

Personnel

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$3.4B$4.0B$3.5B$3.5B$3.4B$4.0B
Wealth And Investment Management$2.7B$2.5B$2.6B$2.8B$2.9B$2.7B
Corporate and Investment Banking$1.5B$1.7B$1.5B$1.5B$1.4B$1.8B
Commercial Banking$966.0M$1.1B$982.0M$912.0M$924.0M$1.1B

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$911.0M$739.0M$945.0M$767.0M$911.0M$818.0M
Corporate and Investment Banking$205.0M$0.0$103.0M-$107.0M$78.0M$175.0M
Commercial Banking$33.0M$187.0M-$43.0M$39.0M$105.0M$150.0M
Wealth And Investment Management-$27.0M$11.0M$12.0M-$14.0M-$9.0M-$10.0M

Revenues, Net of Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$9.0B$9.4B$9.2B$9.7B$9.6B$10.0B
Corporate and Investment Banking$4.6B$5.1B$4.7B$4.9B$4.6B$5.3B
Wealth And Investment Management$4.0B$3.4B$3.9B$4.2B$4.4B$3.9B
Commercial Banking$3.2B$2.9B$2.9B$3.0B$3.1B$3.1B

Segment Reporting Information Average Deposits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending—$799.9B$781.4B$781.3B—$816.6B
Corporate and Investment Banking$4.2B$203.9B$202.4B$204.1B$2.8B$214.3B
Commercial Banking$4.1B$182.9B$178.0B$172.0B$862.0M$185.9B
Wealth And Investment Management$3.6B$102.1B$123.6B$127.4B$2.5B$112.1B

Total loans

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Investment Banking$278.7B$280.7B$290.6B$304.0B$333.5B$353.2B
Consumer Banking and Lending$321.4B$319.5B$316.3B$327.2B$332.5B$336.6B
Commercial Banking$223.3B$228.3B$229.5B$223.2B$228.6B$236.6B
Wealth And Investment Management$84.3B$81.0B$85.0B$87.8B$90.6B$89.5B

Total noninterest expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Banking and Lending$5.9B$6.3B$5.8B$6.0B$5.8B$6.6B
Wealth And Investment Management$3.3B$2.9B$3.2B$3.4B$3.5B$3.3B
Corporate and Investment Banking$2.3B$2.5B$2.3B$2.4B$2.3B$2.7B
Commercial Banking$1.5B$1.7B$1.5B$1.4B$1.4B$1.6B