Bank of America likely has another loss to report on its bond portfolio when it reports earnings tomorrow. JPMorgan’s bond loss was about $33 billion on June 30, versus $30 billion on March 31. The bank’s view is that the held-to-maturity portfolio, mostly agency mortgage securities with minimal credit risk, will ultimately mature and that the losses will melt away over time.
Read More : Bank of America Faces the Risk of Growing Bond Losses in Q2