JP Morgan’s fixed income VAR dives 69%
Average trading VAR down 59% over the previous quarter
Trading risk at JP Morgan fell sharply in Q2 – to its lowest level since end-2019 – led by its fixed income unit.
The firm’s average value-at-risk for its corporate and investment bank (CIB) fell to $41 million in the second quarter, a $58 million (59%) drop from Q1 2021 and an $86 million reduction year on year.
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Fixed income VAR dropped $86 million (69%) on the prior quarter, to $39 million, leading the overall dive.
Risk of loss from commodities, foreign exchange and equity trading
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