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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Debt securities $ 11,234 $ 14,955 $ 14,406
Loans held for sale [1] 947 892 917
Loans 34,109 44,146 43,974
Equity securities 554 962 992
Other interest income 954 5,128 4,358
Total interest income 47,798 66,083 64,647
Interest expense      
Deposits 2,804 8,635 5,622
Short-term borrowings 250 2,316 1,717
Long-term debt 4,471 7,350 6,703
Other interest expense 438 551 610
Total interest expense 7,963 18,852 14,652
Net interest income 39,835 47,231 49,995
Noninterest income      
Deposit and lending-related fees [2] 6,602 7,293 7,369
Card fees [2] 3,544 4,016 3,907
Mortgage banking [2] 3,493 2,715 3,017
Net gains on trading and securities [2] 2,710 3,976 2,225
Other [2] 2,044 5,760 5,386
Total noninterest income [2] 32,505 37,832 36,413
Total revenue 72,340 85,063 86,408
Provision for credit losses 14,129 2,687 1,744
Noninterest expense      
Personnel [3] 34,811 35,128 33,085
Technology, telecommunications and equipment [3] 3,099 3,276 2,903
Occupancy [3] 3,263 2,945 2,888
Operating losses [3] 3,523 4,321 3,124
Professional and outside services [3] 6,706 6,745 6,588
Advertising and promotion [3] 600 1,076 857
Restructuring charges [3] 1,499 0 0
Other [3] 4,129 4,687 6,681
Total noninterest expense [3] 57,630 58,178 56,126
Income before income tax expense (benefit) 581 24,198 28,538
Income tax expense (benefit) (3,005) 4,157 5,662
Net income before noncontrolling interests 3,586 20,041 22,876
Less: Net income from noncontrolling interests 285 492 483
Wells Fargo net income 3,301 19,549 22,393
Less: Preferred stock dividends and other 1,591 1,611 1,704
Wells Fargo net income applicable to common stock $ 1,710 $ 17,938 $ 20,689
Per share information      
Earnings per common share (in dollars per share) $ 0.42 $ 4.08 $ 4.31
Diluted earnings per common share (in dollars per share) $ 0.41 $ 4.05 $ 4.28
Average common shares outstanding (in shares) 4,118.0 4,393.1 4,799.7
Diluted average common shares outstanding (in shares) 4,134.2 4,425.4 4,838.4
Brokerage fees [Member]      
Noninterest income      
Fee income [2] $ 9,375 $ 9,237 $ 9,436
Trust and investment management fees [Member]      
Noninterest income      
Fee income [2] 2,872 3,038 3,316
Investment banking fees [Member]      
Noninterest income      
Fee income [2] $ 1,865 $ 1,797 $ 1,757
[1] In 2020, interest income on mortgage loans held for sale was reclassified into loans held for sale. Prior period balances have been revised to conform with the current period presentation.
[2] In 2020, service charges on deposit accounts service charges on deposit accounts, cash network fees, wire transfer and other remittance fees, certain other fees, and certain fees associated with lending activities were combined into a single line item for deposit and lending-related fees; insurance income, lease income and certain other fees were reclassified to other noninterest income; and net gains from trading activities, net gains on debt securities, and net gains from equity securities were combined into a single line for net gains on trading and securities. Prior period balances have been revised to conform with the current period presentation.
[3] In 2020, personnel-related expenses were combined into a single line item, expenses for outside professional services, contract services, and outside data processing were combined into a single line item for professional and outside services expense; expenses for technology and equipment and telecommunications were combined into a single line item for technology, telecommunications and equipment expense; and certain other expenses were reclassified to other noninterest expense. Prior period balances have been revised to conform with the current period presentation.