WELLS FARGO & COMPANY/MN0000072971false2023Q212/31NYSE5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R00000729712023-01-012023-06-300000072971us-gaap:CommonStockMember2023-01-012023-06-300000072971wfc:A7.5NonCumulativePerpetualConvertibleClassAPreferredStockSeriesLMember2023-01-012023-06-300000072971wfc:A5.85FixedtoFloatingRateNonCumulativePerpetualClassAPreferredStockSeriesQMember2023-01-012023-06-300000072971wfc:A6.625FixedtoFloatingRateNonCumulativePerpetualClassAPreferredStockSeriesRMember2023-01-012023-06-300000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesYMember2023-01-012023-06-300000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesZMember2023-01-012023-06-300000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesAAMember2023-01-012023-06-300000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesCCMember2023-01-012023-06-300000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesDDMember2023-01-012023-06-300000072971wfc:GuaranteeofMediumTermNotesSeriesAdueOctober302028ofWellsFargoFinanceLLCMember2023-01-012023-06-3000000729712023-07-21xbrli:shares


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1
(Mark One)
☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2023
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission file number 001-2979
WELLS FARGO & COMPANY
(Exact name of registrant as specified in its charter)
DelawareNo.41-0449260
(State of incorporation)(I.R.S. Employer Identification No.)

420 Montgomery Street, San Francisco, California 94104
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: 1-866-249-3302
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange
on Which Registered
Common Stock, par value $1-2/3
WFC
New York Stock
Exchange
(NYSE)
7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L
WFC.PRL
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of 5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q
WFC.PRQ
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R
WFC.PRR
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y
WFC.PRY
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z
WFC.PRZ
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA
WFC.PRA
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC
WFC.PRC
NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD
WFC.PRD
NYSE
Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC
WFC/28A
NYSE
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                     Yes þ   No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).                                Yes þ   No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
             Large accelerated filer   þ                    Accelerated filer  ¨
            Non-accelerated filer  ¨                     Smaller reporting company  ☐
                                        Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.             ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     Yes ☐  No þ
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
Shares Outstanding
July 21, 2023
Common stock, $1-2/3 par value
3,658,783,337


Explanatory Note

This Amendment No. 1 to the Quarterly Report on Form 10-Q of Wells Fargo & Company for the quarter ended June 30, 2023, originally filed on August 1, 2023 (the “Original Filing”), is being filed solely to correct an error in the number of common shares outstanding as of July 21, 2023, shown on the cover page. The correct number of common shares outstanding as of July 21, 2023, is 3,658,783,337, as indicated on the cover page of this Amendment No. 1.

Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Form 10-Q/A also contains new certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, which are attached hereto. Because no financial statements have been included in this Form 10-Q/A and this Form 10-Q/A does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted.

Except as described above, no other changes have been made to the Original Filing, and this Form 10-Q/A does not modify, amend or update in any way any of the financial or other information contained in the Original Filing. This Form 10-Q/A does not reflect events that may have occurred subsequent to the filing date of the Original Filing.


Item 6.    Exhibits
 
A list of exhibits to this Form 10-Q/A is set forth below.
 
The Company’s SEC file number is 001-2979. On and before November 2, 1998, the Company filed documents with the SEC under the name Norwest Corporation. The former Wells Fargo & Company filed documents under SEC file number 001-6214.

Exhibit
Number
Description Location 
Filed herewith.
Filed herewith.
101.INSInline XBRL Instance DocumentThe instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.
101.SCHInline XBRL Taxonomy Extension Schema DocumentFiled herewith.
101.DEFInline XBRL Taxonomy Extension Definitions Linkbase DocumentFiled herewith.
101.LABInline XBRL Taxonomy Extension Label Linkbase DocumentFiled herewith.
101.PREInline XBRL Taxonomy Extension Presentation Linkbase DocumentFiled herewith.
104
Cover Page Interactive Data File
Formatted as Inline XBRL and contained in Exhibit 101.


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Dated: August 4, 2023    WELLS FARGO & COMPANY
 
 
By:/s/ MUNEERA S. CARR
Muneera S. Carr
Executive Vice President,
Chief Accounting Officer and Controller
(Principal Accounting Officer)


Exhibit 31(a)
 
CERTIFICATION
 
I, Charles W. Scharf, certify that:
 
1.       I have reviewed this Amendment No. 1 to the Quarterly Report on Form 10-Q for the period ended June 30, 2023, of Wells Fargo & Company; and
2.       Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
 
/s/    CHARLES W. SCHARF
Charles W. Scharf
Chief Executive Officer
Date:August 4, 2023



Exhibit 31(b)
 
CERTIFICATION
 
I, Michael P. Santomassimo, certify that:
 
1.       I have reviewed this Amendment No. 1 to the Quarterly Report on Form 10-Q for the period ended June 30, 2023, of Wells Fargo & Company; and
2.       Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
 
/s/    MICHAEL P. SANTOMASSIMO
Michael P. Santomassimo
Chief Financial Officer
Date:August 4, 2023


v3.23.2
Document and Entity Information - shares
 6 Months Ended
Jun. 30, 2023
Jul. 21, 2023
Entity Information [Line Items]    
Entity Registrant Name WELLS FARGO & COMPANY/MN  
Document Type 10-Q/A  
Document Quarterly Report true  
Document Transition Report false  
Document Period End Date Jun. 30, 2023  
Entity File Number 001-2979  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 41-0449260  
Entity Address, Address Line One 420 Montgomery Street  
Entity Address, City or Town San Francisco  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94104  
City Area Code 866  
Local Phone Number 249-3302  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   3,658,783,337
Entity Central Index Key 0000072971  
Amendment Flag false  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
Common Stock, par value $1-2/3    
Entity Information [Line Items]    
Title of 12(b) Security Common Stock, par value $1-2/3  
Trading Symbol WFC  
Security Exchange Name NYSE  
7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L [Member]    
Entity Information [Line Items]    
Title of 12(b) Security 7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L  
Trading Symbol WFC.PRL  
Security Exchange Name NYSE  
Depositary Shares, each representing a 1/1000th int. in a share of 5.85% Fixed-to-Floating Rate Non-Cum. Perpetual Class A Preferred Stock, Series Q    
Entity Information [Line Items]    
Title of 12(b) Security 5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q  
Trading Symbol WFC.PRQ  
Security Exchange Name NYSE  
Depositary Shares, each representing a 1/1000th int. in a share of 6.625% Fixed-to-Floating Rate Non-Cum. Perpetual Class A Preferred Stock, Series R    
Entity Information [Line Items]    
Title of 12(b) Security 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R  
Trading Symbol WFC.PRR  
Security Exchange Name NYSE  
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y    
Entity Information [Line Items]    
Title of 12(b) Security Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y  
Trading Symbol WFC.PRY  
Security Exchange Name NYSE  
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z    
Entity Information [Line Items]    
Title of 12(b) Security Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z  
Trading Symbol WFC.PRZ  
Security Exchange Name NYSE  
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA    
Entity Information [Line Items]    
Title of 12(b) Security Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA  
Trading Symbol WFC.PRA  
Security Exchange Name NYSE  
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC    
Entity Information [Line Items]    
Title of 12(b) Security Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC  
Trading Symbol WFC.PRC  
Security Exchange Name NYSE  
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD    
Entity Information [Line Items]    
Title of 12(b) Security Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD  
Trading Symbol WFC.PRD  
Security Exchange Name NYSE  
Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC [Member]    
Entity Information [Line Items]    
Title of 12(b) Security Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC  
Trading Symbol WFC/28A  
Security Exchange Name NYSE  
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