U.S. stock market second-quarter earnings report kicks off: Transaction revenue of the five major banks approaches US$39 billion
Special topic: Focus on the second quarter financial report of US stocks in 2026 The second-quarter earnings reporting season for the U.S. stock market officially kicked off on Tuesday, with the five major Wall Street banks—— ——Submitted a brilliant report card. According to analysts' statistics, the total trading revenue of these five banks in the second quarter is expected to be close to US$39 billion, with the stock trading business performing particularly well, and related revenue of many institutions hitting record highs. Strong performance growth is driven by multiple factors. On the one hand, geopolitical tensions, changes in Federal Reserve policy expectations, and AI-related fluctuations have caused the market to continue to fluctuate, and customer trading activity has increased significantly, directly pushing up trading revenue. On the other hand, capital market activities have picked up, and large-scale IPOs and M&A transactions have been concentrated, providing strong support for the investment banking business. Among them, landmark transactions such as SpaceX's largest IPO in history and Alphabet's large-scale stock issuance have allowed major underwriters such as Goldman Sachs and Morgan Stanley to gain a lot. In terms of individual stock performance, JPMorgan Chase's net profit surged 41% year-on-year to US$21.2 billion, a record high in the U.S. banking industry, and market revenue surged 35% to a record high of US$12.1 billion. Goldman Sachs' net profit nearly doubled, with stock trading revenue soaring 72% to a record $7.42 billion. Citigroup's profits jumped 45% and revenue hit a ten-year high. Bank of America's net profit increased by 27%, and stock trading revenue also increased by a record 70%.