US banks’ unrealised losses surge by $33bn in Q4
Led by JPM, Wells Fargo and Capital One, every major bank reported higher losses in AOCI, in reversal of previous quarter’s recovery
In the fourth quarter of 2024, all US banks with assets of more than $50 billion reported a decline in accumulated other comprehensive income (AOCI), Risk Quantum analysis shows.
Collectively, the 43 analysed banks saw unrealised losses increase by $33 billion, a 19.7% rise from the previous quarter, culminating in a total of $203.4 billion.
JP Morgan reported the largest increase, with losses in AOCI rising by $5.7 billion to $12.5 billion. At Wells Fargo, mark-to-market losses grew by $3.8
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