JPMorgan and Goldman report a drop in commodities risk

01/17/2013 | Reuters · Financial Times (tiered subscription model)

JPMorgan Chase noted a decrease in its commodity-trading risk in the fourth quarter compared with the same period the previous year. Meanwhile, Goldman Sachs Group reported a decline in its commodities revenue during the final three months of last year. Analysts said lower commodity prices might be the cause. "As commodity prices come down, the risk factor diminishes so it's not surprising to see banks reporting lower [value at risk] numbers," says Peter Cardillo of Rockwell Global Capital.

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Reuters · Financial Times (tiered subscription model)

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