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JPMorgan lowers commodities risk, may set trend

Posted on 16 April 2010

From Wallstreetandtech.com: JPMorgan Chase & Co cut back on commodity trading risks for a second straight quarter despite rebounding prices of raw materials, and other Wall Street banks could follow such caution, analysts said.

JPMorgan’s financial results Wednesday showed the No. 2 U.S. bank had a Value at Risk of $15 million for commodities in the first quarter, compared with $17 million in the fourth quarter of 2009 and $23 million in the third quarter………………………………….Full Article: Source


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