- The short list of potential includes Blackstone (BX +0.3%), Macquarie Bank, and Castleton Commodities, according to CNBC's Kate Kelly, and JPMorgan (JPM) hopes to make a final decision by month's end.
- It's not yet clear exactly what assets are being sold, or what the price is, but sources say the deal size looks to be in the $1.5B-$2B range. The bank valued the sum of its physical commodities holdings at $3.3B in the original offering documents.
- No matter who buys, JPMorgan commodity chief Blythe Masters and her senior team will exit the bank to oversee the business for the new owner.
- This morning's earnings call was scant on information, but CFO Lake did say the bank is selling "the parts of the business that are most capital-intensive for us."
- Today's earnings coverage
JPM commodity unit sale down to final bidders
Jan 14 2014, 11:54 ET