JP Morgan, Wells Fargo AOCI losses double in Q3
JP Morgan and Wells Fargo reported sharp spikes in negative accumulated other comprehensive income (AOCI) in the third quarter, as rising bond yields depressed the value of securities holdings.
JP Morgan’s negative AOCI more than doubled to $19.8 billion on September 30, from $7.7 billion three months earlier, while Wells Fargo’s almost doubled to $16.5 billion over the same period, from $8.3
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