JP Morgan reverses HTM securities roll-off with $44bn transfer from AFS
Reclassification marks first HTM expansion since 2022 and may prompt peers to follow
JP Morgan moved $44.1 billion of investment securities from available-for-sale (AFS) into the held-to-maturity (HTM) bucket in Q3 2025, topping it up for the first time in three years.
The transfer, described by the bank as for “asset-liability management purposes”, offset an $11.3 billion roll-off from matured securities, resulting in HTM holdings up 12.6% to $293.4 billion. The balance had been
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