Wall Street bank earnings surge, boosted by mega-deals, wild trading
Higher education in Financial Engineering and Money & Capital Markets. SPK (Turkey CMB) licence. 16 years across institutional markets, research, and quant-driven analytics.
AI summary
STORY: SpaceX’s record IPO was among the mega-share sales helping bank earnings blast off in the second quarter. That deal alone generated some $500 million in fees for Wall Street’s top names. Earnings out Tuesday confirmed it had been a stellar quarter. Among the headline numbers… JPMorgan said big-ticket IPOs and dealmaking helped drive investment banking fees to their highest since 2021. It posted a quarterly profit of just over $21 billion - the highest ever for a U.S. bank. Citigroup repor
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