JPMorgan Chase (NYSE:JPM) is sniffing around for big-time investors that might be interested in buying raw goods like coal and silver. The sprawling financial services firm revealed that it is "pursuing strategic alternatives" for its commodities operations. These alternatives include a sale, a spin-off, or a strategic partnership.
The assets concerned include the company's stakes in commodities-related businesses, in addition to its trading operations.
The announcement follows the conclusion of an internal review conducted by the firm.
Nevertheless, JPMorgan Chase sounded a reassuring note in the press release announcing the news. The bank said it "will remain fully committed to its traditional banking activities in the commodity markets, including financial derivatives and the vaulting and trading of precious metals."
Fool contributor Eric Volkman has no position in JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.