Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. may have to set aside an additional $30 billion to cover possible losses on home equity loans.

The calculation was done by CreditSights Inc., a New York research firm whose prediction almost four years ago proved prescient after banking companies reported unprecedented mortgage-related writedowns. Recognizing the home equity loan losses is unfinished business, CreditSights said in a report late last month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.