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Commodities Briefing - Categorized | Investment, Performance more

Goldman, JPMorgan fourth quarter commods risk dives versus 2011

Posted on 17 January 2013

Goldman Sachs Group Inc on Wednesday said its commodities revenue suffered in the final quarter of 2012, while JPMorgan Chase & Co reported a plunge in trading risk from a year ago.
Analysts said falling oil, metals and grains prices as well as higher trading uncertainties as the United States appeared headed for a fiscal crisis toward year-end created a weaker trading environment for commodities. Goldman Sachs, Wall Street’s leading investment bank, said its value-at-risk (VaR) in commodities stood at $20 million in the fourth quarter, down from $22 million in the third quarter and $26 million a year ago………………………………………..Full Article: Source


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