JP Morgan posts $510m XVA gain

- Louie Woodall
- 14 Jul 2020

Lower funding costs helped JP Morgan book a $510 million gain from derivatives valuation adjustments (XVAs) in Q2, its largest such windfall for at least five years.

The benefit partly offset a $951 million XVA loss in Q1, the biggest on record, caused by a blow out of funding spreads triggered by the coronavirus-induced financial panic.

XVA effects are captured under the “credit adjustments and

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