JPMorgan Chase : Wall Street and commodity risk - JPMorgan measure steady in first quarter

(Reuters) - JPMorgan Chase & Co's (>> JPMorgan Chase & Co.) commodity market trading risk measure, known as Value-at-Risk (VaR), was steady in the three months through June, the bank said on Thursday, the first Wall Street bank to report earnings.

(Reuters) - JPMorgan Chase & Co's (>> JPMorgan Chase & Co.) commodity market trading risk measure, known as Value-at-Risk (VaR), was steady in the three months through June, the bank said on Thursday, the first Wall Street bank to report earnings.

The bank's VaR indicator was $9 million in the second quarter, unchanged from the prior three months and the same period a year earlier.

The news came as the bank reported a marginally lower second-quarter profit but still beat subdued analyst expectations, helped by loan growth and a tight control on operating expenses.

The VaR is a risk-reward indicator that measures the commodities exposure of Wall Street banks, which typically group commodities revenue under the fixed income category and do not break out the sector.

(Reporting by Josephine Mason; Editing by Nick Zieminski)

Stocks treated in this article : JPMorgan Chase & Co., Goldman Sachs Group Inc, Morgan Stanley