Wall Street Banks Set to Pull in Almost $39 Billion From Trading
Bloomberg 2026-07-13 15:08:58
Context: The largest US banks are poised to report their second-quarter earnings, with five major firms kicking off the announcements on Tuesday. These banks are expected to reap significant benefits from a volatile market environment over the past few months, which has driven increased client activity in trading. The strong performance is anticipated to yield substantial revenue from trading.
Key Facts
- The five major US banks set to report their second-quarter earnings on Tuesday are expected to pull in almost $39 billion from trading, according to projections.
- The increased client activity in trading is attributed to a volatile market environment over the past few months, which has spurred more action from clients wanting to trade.
- Chris McGratty, Head of US Bank Research at KBW, is scheduled to provide insights on what to expect from the bank earnings reports, as cited in a video preview on Bloomberg.