Goldman Sachs's trading revenue for the second quarter was worth $4.3 billion, $600 million higher than expectations.

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.

The New York Times said Trump waved a draft letter firing Powell at an Oval Office meeting late Tuesday. Trump had gathered a group of Republicans that had blocked a procedural vote that would have advanced crypto legislation, to convince them to let the legislation advance. Odds of Powell being fired surged to 40% on prediction market Kalshi.

JPMorgan Chase & Co.’s second-quarter profit marked the megabank’s sixth in a row of stronger-than-expected results, as the bank benefitted from a reduced provision for credit losses, brisk markets revenue and a “resilient” U.

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.