Top US banks’ AFS markdowns reverse sharply in Q1

- By Lea Mok
- 28 May 2026

Aggregate unrealised losses on available-for-sale (AFS) securities at the eight largest US banks rose by $8.1 billion, or 130%, to $14.4 billion in Q1 2026, marking the largest quarterly increase since Q1 2022.

The jump reversed five consecutive quarters of improvement in the lenders’ AFS portfolios, where markdowns had narrowed to $6.3 billion at end-2025 from more than $52 billion at their peak

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net