Bank of America recap highlights unrealized mortgage losses
Recap notes large held-to-maturity and agency mortgage portfolios at Bank of America carry sizable unrealized losses, alongside analyst reductions to the near-term revenue outlook amid cooling deal activity.
Bank of America Corp (NYSE:BAC) reported solid H1 2026 results, supported by higher prime brokerage fees and consumer spending. The company’s large held-to-maturity and agency mortgage portfolios still carry sizable unrealized losses, while analysts have trimmed near-term revenue outlooks amid cooling deal activity.