Key facts
- JP Morgan's negative AOCI rose to $19.8 billion from $7.7 billion.
- Wells Fargo's negative AOCI rose to $16.5 billion from $8.3 billion.
JP Morgan and Wells Fargo reported sharp increases in negative accumulated other comprehensive income (AOCI) in the third quarter. Rising bond yields depressed the value of their securities holdings, leading to the higher losses. JP Morgan's negative AOCI more than doubled to $19.8 billion on September 30, from $7.7 billion three months prior. Wells Fargo's negative AOCI almost doubled to $16.5 billion over the same period, up from $8.3 billion.