The bank was sitting on an unreallized loss of nearly $109 billion in a large bond portfolio at the end of 2022
This compares with losses of $36 billion for a similarly classified bond portfolio at JPMorgan Chase, $41 billion for Wells Fargo and $25 billion at Citigroup and just $1 billion at Goldman Sachs Group
Note: Attention on banks’ bond losses has increased since regulators seized Silicon Valley Bank on Friday. SVB Financial , the lender’s parent, had a $15 billion unrealized loss on its $91 billion held-to-maturity bond portfolio. That was equivalent to nearly all its $16 billion of tangible capital
BofA Is Not Collapsing: Bank of America ended 2022 with $1.9 trillion in deposits including about $1.4 trillion of retail deposits, and has an enormous amount of liquidity and faces no pressure to sell any of its held-to-maturity bond portfolio and realize losses
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