Bloomberg writes that the combined revenue of the investment banking business of these major U.S. credit institutions grew 12% to $25.7 billion, while their trading revenue increased 16% to $87.7 billion.
The publication said that this dynamic reflects the success of the banks, whose earnings performance was the best since 2021 thanks to volatility associated with US President Donald Trump’s economic policy statements, “setting the stage for a record year for traders, especially in the stock market.”
Given that the annual payouts on Wall Street are volatile due to alternating ups and downs, in good times we could be talking about sums in the millions of dollars, far exceeding the salaries of bankers – recipients of bonuses, emphasize Bloomberg journalists.
