JP Morgan’s equity and commodity VAR soar to five-year highs
Trading risk gauges jump 150% and 190% amid Q1 trading flurry
The equity and commodity components of JP Morgan’s value-at-risk gauge surged to their highest levels since the Covid-19 pandemic in the first quarter. The sharp increases reflect intense trading activity that unfolded even before US President Donald Trump’s April 2 tariffs announcement, as markets navigated the first three months of his new term.
Equity VAR – the bank’s 95%-confidence estimate of the most it could lose in a single day from market moves – averaged $25 million through Q1, up 150%
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