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JPMorgan’s Physical Commodities Value Drops to $11.9 Billion

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.

To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net

To contact the editor responsible for this story: Christine Harper at charper@bloomberg.net

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