All articles tagged with #equities trading
Morgan Stanley posted record Q2 2026 results with EPS of $3.46 on revenue of $21.35B (up 58% and 27% respectively), driven by a 69% surge in equities trading and a profit of $5.58B; the bank will hold a conference call at 8:30 a.m. ET to discuss outlook for the year.
U.S. megabanks JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs posted about $49 billion in Q2 profits, up 39% year over year, powered by AI-driven trading, underwriting fees, and deal activity. The AI wave lifted equity trading revenues to records and spurred IPOs and capital raises (notably SpaceX’s IPO and Alphabet’s follow-on), with executives signaling a continuing pipeline of AI-backed deals and a multi-year investment cycle.
Goldman Sachs and JPMorgan Chase posted record quarterly revenue, up 39% to $20.3 billion and 27% to $58 billion respectively, as AI-enabled activity across equities trading, IPOs, debt offerings, and M&A drives fees and financing demand worldwide, with executives calling it an AI capex super cycle and noting strong spillover into Asia.
Goldman Sachs posted a strong first quarter with net income of $5.6bn, powered by a 27% rise in equities revenue to $5.3bn, beating estimates; however, fixed income, currencies and commodities revenue dropped about 10% to $4bn, dragging on overall performance despite the firm’s best trading quarter in years. Investment banking fees rose, assets and wealth management grew, and the bank returned over $6bn to shareholders, while shares slid after the results.
Goldman Sachs posted a record $4.31 billion in fourth-quarter equities-trading revenue, the strongest on Wall Street and about $700 million above consensus, as the firm shifts toward wealth management and buyouts to balance volatility under CEO David Solomon; shares slipped roughly 2% after the results.
Morgan Stanley has surpassed Goldman Sachs to become the leading firm in equities trading, highlighting a shift in market dynamics and competition within the financial industry.