17:53 - 14.07.2026

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July 14, Fineko/abc.az. The leading financial conglomerates of the U.S. (JPMorgan, Wells Fargo, Bank of America, Goldman Sachs and Citigroup) ended the 2nd quarter of this year with profit indicators that significantly exceeded analysts' forecasts.

The key drivers of growth were high market volatility, a boom in the stock trading market and the recovery of the investment banking sector:

JPMorgan recorded the highest quarterly profit in its history. The bank's stock trading revenue soared 86% up to $6.03 billion, and its total trading revenue reached a record of $12.1 billion.

Wells Fargo's net income increased 17% up to $6.4 billion, driven by higher asset management fees.

Bank of America set a historic record by increasing its stock trading revenue by 70% up to $3.6 billion.

Goldman Sachs broke all Wall Street records with $7.42 billion in stock trading revenue in one quarter.

Citigroup increased its stock trading revenue by 45% up to $2.3 billion, beating market expectations in four of its five key areas.