JPM, PNC bolster available-for-sale portfolios in Q3
Four major US banks add $119bn to AFS holdings
Four US banks grew their available-for-sale (AFS) securities portfolios by $119.1 billion or 15.7% in the third quarter, each to levels not seen in at least two years.
JP Morgan accounted for $68.3 billion of the increase, boosting its AFS holdings by 25.7% to $334.5 billion, the largest amount since Q1 2021.
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