JPMorgan reaps gains from Wall Street business
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Profits at Goldman Sachs surged from boosts in trading and dealmaking, the latest example of how big Wall Street banks were able to recover from the market chaos triggered by President Trump's tariffs.
Citigroup (C) boosted its full-year net interest income guidance and now sees 2025 revenue at the high end of its previous guidance. The bank posted beats on both Q2 EPS and revenue. Its services business continued to shine, and banking revenue jumped 23% Y/Y.
As earnings season kicks off on Tuesday, Wall Street seeks clues on whether big-bank stocks merit more gains after outperformance.
The bosses of JPMorgan and Citigroup said Tuesday they intend to get involved in stablecoins, the latest evidence of how Wall Street is pivoting to embrace digital assets.