JPMorgan’s Physical Commodities Value Drops to $11.9 Billion
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JPMorgan Chase & Co.’s physical commodity assets had a total fair value of $11.9 billion at the end of June, according to a quarterly regulatory filing today.
The assets were valued at $14.3 billion in March, according to a previous filing. New York-based JPMorgan said last month that it plans to get out of the business of owning and trading physical commodities ranging from metals to oil.