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Big Banks’ Earnings Surge Defies Geopolitical Storms: Trading Boom Lifts Profits 12% as Consumer Spending Holds Firm
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Big Banks’ Earnings Surge Defies Geopolitical Storms: Trading Boom Lifts Profits 12% as Consumer Spending Holds Firm
Wall Street’s largest lenders kicked off the 2026 earnings season with results that stunned skeptics. Goldman Sachs, JPMorgan Chase, Wells Fargo, Citigroup, Bank of America, and Morgan Stanley together posted profits of $47.3 billion for the first quarter, up 12% from a year earlier, according to Yahoo Finance. And this amid the Iran conflict’s oil shocks. Trading desks led the charge. Record volatility from energy markets and equities fueled re…
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