JPM · 10-Q · 2026Q2 · Full report
Investment Securities Portfolio
JPMORGAN CHASE & CO · 2026-08-06 · Importance 49 · Surprise 32 · No source text
Total investment securities increased 3% to $786.358 billion at June 30, 2026 from $760.542 billion at December 31, 2025. Available-for-sale securities increased $28.850 billion to $536.048 billion, while held-to-maturity securities declined $3.034 billion to $250.310 billion. The Firm purchased $23.1 billion of held-to-maturity securities during the first six months of 2026, compared with $3.2 billion in the first six months of 2025. Gross unrealized losses on available-for-sale securities increased materially to $4.072 billion from $3.342 billion, and the fair value of AFS securities with gross unrealized losses increased to $46.389 billion from $32.045 billion.
Key facts
- Investment securities, net of allowance for credit losses, were $804,522 million at June 30, 2026 and $777,332 million at December 31, 2025. source
- At June 30, 2026 the size of the Treasury and CIO investment securities portfolio, net of the allowance for credit losses, was $800.8 billion and the average credit rating of the securities was AA+. source
- Available-for-sale securities totaled $536,048 million at June 30, 2026. source
- Investment securities portfolio average was $804,403 million for the three months ended June 30, 2026 (compared with $724,658 million). source
- Available-for-sale securities (period-end) were $532,368 million as of June 30, 2026 (compared with $482,269 million). source
- Investment securities losses for Corporate were $(395) million for the three months ended June 30, 2026 (compared with $(54) million). source
- Investment securities, net of allowance for credit losses as of June 30, 2026: $804,522 million, versus $777,332 million at December 31, 2025 source
- Total investment securities, net of allowance for credit losses — June 30, 2026: Amortized cost $807,163 million, Gross unrealized gains $1,507 million, Gross unrealized losses $22,312 million, Fair value $786,358 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +1.6% | Investment securities portfolio average was $804,403 million for the three months ended June 30, 2026 (compared with $724,658 million). |
| assets | positive | realized | +1.0% | Available-for-sale securities (period-end) were $532,368 million as of June 30, 2026 (compared with $482,269 million). |
| net_income | negative | realized | -0.6% | Investment securities losses for Corporate were $(395) million for the three months ended June 30, 2026 (compared with $(54) million). |
| assets | positive | realized | +0.5% | Investment securities, net of allowance for credit losses, were $804,522 million at June 30, 2026 and $777,332 million at December 31, 2025. |
| assets | unclear | realized | — | Total investment securities, net of allowance for credit losses — June 30, 2026: Amortized cost $807,163 million, Gross unrealized gains… |