Wells Fargo & Company/MnWFC

01Securities-based loans, including margin loans and securities-based credit lines, originated by the Wealth and Investment Management operating segment totaled $32.2 billion at June 30, 2026, and $26.2 billion at December 31, 2025 Wealth and Investment Management provides personalized wealth management, brokerage, financial planning, lending, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients We earned trailing commissions of $243 million and $487 million for the second quarter and first half of 2026, respectively, and $222 million and $455 million for the second quarter and first half of 2025, respectively

02Credit 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

03Wells Fargo operates with capital meaningfully above regulatory minimums, enabling a $40 billion buyback authorization and consistent preferred dividends even while maintaining required buffers—demonstrating capacity to return capital to shareholders without impairing safety margins

04We use interest rate swaps to convert certain of our fixed-rate long-term debt and time certificates of deposit to floating rates to hedge our exposure to interest rate risk We estimate $591 million pre-tax of deferred net losses related to cash flow hedges in OCI at June 30, 2026, will be reclassified into net interest income during the next 12 months