Wells Fargo & Company/Mnreason 02 of 4it owns a thing that cannot be built or permitted twicederived 2026-09-11accession 0000072971-26-000302
Credit quality across the securities portfolio and the commercial loan book remains pristine, with criticized commercial loans only 4.7% of the total and negligible securities losses, suggesting reserve levels provide a buffer against a moderate downturn rather than masking emerging stress
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfour sentences · whole, uncut
the claims it rests on
“Net charge-offs on debt securities were insignificant in the second quarter and first half of both 2026 and 2025”
“At June 30, 2026, we had $606.4 billion and $29.9 billion of pass and criticized commercial loans, respectively”
“The ACL for loans increased $70 million from December 31, 2025, reflecting a higher allowance for commercial”
what it was checked against
securities delinquency status
“Debt securities that are past due and still accruing or in nonaccrual status were insignificant at both June 30, 2026, and December 31, 2025.”