Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility

EarningsMacro Impact 4
โดย CNBC·Read original
Summary · why it matters

Major U.S. banks are expected to report second-quarter trading and investment banking revenue near or above records when results begin Tuesday. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley are set to post earnings, with investment banking fees seen surging 26% and trading revenue up 14% from a year ago, according to KBW analyst Chris McGratty. The quarter was boosted by the largest IPO in history from SpaceX, which generated hundreds of millions in fees for banks led by Goldman Sachs and Morgan Stanley, as well as soft-dollar allocations to hedge funds. Trading desks also benefited from heightened volatility tied to the Iran conflict, which drove swings in oil, rates, and currencies. Wells Fargo analyst Mike Mayo noted that commercial lending demand is returning and consumer credit remains resilient, creating a rare sweet spot for the industry.

Impact on stocks 7

Financials▲ · 4 stocks
Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Led SpaceX IPO, generating hundreds of millions in fees; investment banking fees surging.

Morgan Stanley
MS
▲ PositiveCapitalrelevance

Led SpaceX IPO, generating hundreds of millions in fees; investment banking fees surging.

Wells Fargo & Company
WFC
▲ PositiveCapitalrelevance

Wells Fargo is expected to benefit from surging investment banking fees and trading revenue, with commercial lending demand returning and consumer credit resilient.

Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Investment banking fees surging 26% and trading revenue up 14% boost earnings.

Digital Finance & Tokenization▲ · 2 stocks
Citigroup Inc.
C
▲ PositiveCapitalrelevance

Investment banking fees surging 26% and trading revenue up 14% boost earnings.

JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

Investment banking fees surging 26% and trading revenue up 14% boost earnings.

Space Economy▲ · 1 stocks
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