Wall Street Banks Beat Q2 Profit Forecasts on Trading Boom
Major U.S. banks reported stronger-than-expected second-quarter 2026 earnings, driven by robust investment banking activity and higher trading revenue amid volatile financial markets. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, and Bank of America all exceeded analysts’ profit expectations as mergers, acquisitions, and major IPOs boosted advisory fees. Increased market volatility linked to artificial intelligence, Middle…