Wall Street Banks Smash Profit Records

Jamie Dimon described conditions as nearly as good as it gets after JPMorgan’s profit soared, fuelled by frenzied client activity in stock trading and mergers.

Bank of America also benefited from the volatility, with net interest income growth at the upper end of its forecast.

Goldman Sachs saw a sharp rise in investment banking fees as the AI boom and geopolitical turmoil spurred corporate dealmaking.

The results underscore how Wall Street has turned global instability into a profit engine, even as the broader economy faces headwinds.