U.S. banks’ commodity trading exposures rise on Russia conflict – Reuters

U.S. banks’ commodity trading exposures rise on Russia conflict – Reuters

NEW YORK, April 18 (Reuters) - Wall Street banks' commodities trading exposures are rising, which could leave them vulnerable to large swings in asset values following Russia's invasion of Ukraine, first quarter earnings disclosures showed.

Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM.N) both reported an uptick in a commodities trading risk measure, with Goldman's now the highest in a decade, according to a Reuters review of bank filings.

Oil, gas, wheat and precious metals markets have grown more volatile since Russia invaded Ukraine and Western countries imposed sanctions on Russian trade. read more But results so far suggest that banks are managing the risk effectively.