Banks modestly expanded their securities portfolios for a fifth consecutive quarter, with aggregate balances rising 1% quarter over quarter to $5.74 trillion as of Sept. 30, according to S&P Global Market Intelligence. Growth remained concentrated in short- and medium-term bonds as banks continued to manage duration risk despite expectations for additional Fed cuts, supported by improved bond valuations and easing liquidity pressures.
A separate S&P article noted that bank stocks declined slightly in mid-December, largely in line with broader markets. Equity analysts largely maintained positive outlooks for 2026, citing expectations for continued loan and deposit growth, a steepening yield curve, and potential regulatory easing, among other factors.
Note: We will pause publication for the remainder of 2025 and resume our regular schedule the week of Jan. 5, 2026. The Peer Intelligence team at IntraFi wishes you a happy holiday season and best wishes for the new year.