Wall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth
Analysts expect double-digit revenue growth as investment banking fees jump 26% and trading revenue rises 14%, KBW’s Chris McGratty said.
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Jung Joo-ho = Driven by the SpaceX IPO and the resurgence of mergers and acquisitions (M&A), the second-quarter investment banking fee income of major U.S. Wall Street banks...
Wall Street banks kick off Q2 earnings season as trading, dealmaking rebound
Wall Street’s biggest banks are set to kick off the second-quarter earnings season this week. JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo are expected to provide investors with fresh insight into the health of the U.S. economy, consumer spending, and the rebound in investment banking. The earnings reports come as financial stocks have outperformed much of the broader market over the past month, buoyed by expectatio…
Wall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth
JPMorgan, Goldman Sachs and other big banks are poised for strong Q2 earnings, fueled by the SpaceX IPO, Iran war-driven market volatility and a recovery in commercial lending.
According to data compiled by Bloomberg, the five large banks — JPMorgan, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup — will record an annual increase of 27%, to reach $11.1 billion in income from investment banking commissions. A record that returns Wall Street to the path of historical peaks. Much of this momentum comes from capital markets. SpaceX’s outflow has generated $500 million in fees distributed among 23 banks. Goldma…
Equity trading, underwriting to boost Wall Street
With Wall Street earnings reports on tap this week, Moody’s Ratings is expecting the big banks to report stronger equity trading and underwriting revenues for the second quarter of 2026. The large U.S.-based global investment banks are set to start reporting second-quarter earnings on July 14 — including Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co. In a research note…
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