Wall Street's Biggest Banks Post Record Results on Equities Trading Boom

실적/어닝스 | Wed Jul 15 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 3 sources

JPMorgan, Goldman Sachs, Citi, and BofA kicked off earnings season boosted by the AI frenzy and SpaceX IPO.

Analysis

[JPMorgan Chase] posted record quarterly revenue across all business segments ^[1][3]

• Record-breaking equities trading division
• Significant jump in investment banking fees
• Benefited from AI frenzy and SpaceX IPO

[Citigroup] announced $30 billion share buyback and 12% dividend hike ^[2]

• Q2 net income of $5.8 billion
• 2026 RoTCE target of 10-11%
• $30B share buyback program

[Bank of America] delivered one of its strongest quarterly results ever ^[1][3]

• CEO Brian Moynihan called it one of the best quarters ever
• Equities trading revenue beat consensus
• Sharp rise in investment banking fees

[Goldman Sachs] delivered an earnings surprise driven by strong equities trading and IB fees ^[1][3]

• Benefited from major deals including SpaceX IPO
• Active AI-related financing activity
• CEO David Solomon scheduled to appear on CNBC

[Wall Street earnings season] opened strongly with simultaneous blowout results from the four largest banks ^[1][3]

• Earnings releases from JPMorgan
• Goldman
• Citi
• and BofA
• Revenue above expectations
• Broad strength in equities trading segments

Sources

• [1] Wall Street banks smash records on stock trading boom - Financial Times
• [2] Citi signals $30B buyback plan and 12% dividend increase while targeting 10%-11% 2026 RoTCE - Seeking Alpha Market News
• [3] Bank earnings, Warsh heads to the Hill, Chipotle's Mexico push and more in Morning Squawk - CNBC World Markets