Wall Street’s biggest banks capitalized on the stock market’s steady ascent to generate approximately $15 billion in trading revenue during the third quarter. Morgan Stanley led the pack with a record $4.12 billion in equities trading, marking its best third-quarter performance ever. Most major institutions exceeded analyst expectations despite ongoing market volatility, demonstrating their ability to profit from both chaotic and steadily rising market conditions.
about Wall Street Banks Score $15B Trading Profit on Stock RallyCitigroup Inc.
0 in Finance and 0 in Crypto last weekMajor Banks Beat Estimates as Earnings Season Kicks Off
Major U.S. banks delivered stronger-than-expected earnings results, with JPMorgan, Citigroup, and Goldman Sachs all surpassing revenue estimates amid a resurgence in dealmaking and investment banking activity. While the sector demonstrated remarkable resilience in capital markets, the results revealed ongoing challenges including rising compensation costs at Goldman Sachs and regulatory developments at Wells Fargo that created mixed outlooks across the banking landscape.
about Major Banks Beat Estimates as Earnings Season Kicks OffWall Street Upgrades: AMD, Meta, DoorDash Get Bullish Calls
Despite ongoing trade war concerns weighing on broader markets, Wall Street analysts remain decidedly bullish on several high-profile stocks across technology, delivery services, and entertainment. Major financial institutions including JPMorgan, Wells Fargo, Wolfe Research, Citi, and BTIG have issued outperform ratings and significantly raised price targets for five key companies, signaling strong confidence in their growth trajectories amid market volatility.
about Wall Street Upgrades: AMD, Meta, DoorDash Get Bullish CallsBig Banks Soar on IPO Boom & Trading Profits in Q3 2025
Wall Street’s largest banks delivered blockbuster third-quarter results in 2025, fueled by a resurgence in IPO activity and robust trading profits. Major financial institutions including JPMorgan Chase, Goldman Sachs, and Wells Fargo significantly exceeded earnings expectations. The strong performance comes amid record stock market highs and renewed investor confidence in the banking sector, with all major indices printing new all-time highs driven by the Magnificent 7 tech stocks, Gold Mining stocks, and Utilities.
about Big Banks Soar on IPO Boom & Trading Profits in Q3 2025Big Bank Earnings Kick Off with Mixed Results
The unofficial start of earnings season brought mixed results for major banks as trading and investment banking performance diverged. JPMorgan Chase & Co. beat estimates while Goldman Sachs Group Inc. disappointed investors with an equities trading miss. Citigroup Inc. emerged as an early winner with broad-based revenue beats across all divisions, while Wells Fargo showed strength in profitability metrics despite a slight miss in net interest income.
about Big Bank Earnings Kick Off with Mixed ResultsCiti: Iron Ore Rally Overextended, Fundamentals Weak
Citigroup Inc. has issued a cautionary assessment of the iron ore market, warning that the commodity’s recent 15% price surge from June lows has stretched beyond fundamental support. Despite positive sentiment driven by China’s anti-involution campaign and supply disruptions, the bank maintains a neutral-to-bearish stance, arguing these factors are already fully priced into current market levels. Analysts led by Wenyu Yao suggest the rally lacks fresh catalysts and may be vulnerable to correction as supply normalizes and demand concerns persist.
about Citi: Iron Ore Rally Overextended, Fundamentals WeakApollo’s Zelter: Bank Partnerships Key to IG Credit Future
Apollo Global Management President Jim Zelter has declared that the future of investment-grade private credit lies in strategic collaboration with banks, marking a significant shift in how alternative asset managers approach deal sourcing and market expansion. With 12 active origination partnerships already in place with major financial institutions including BNP Paribas, Citigroup, and Standard Chartered, Apollo is leading the charge toward a new era of cooperation between traditional banking and private credit markets.
about Apollo's Zelter: Bank Partnerships Key to IG Credit FutureCitigroup Outsources $80B Wealth Unit to BlackRock
Citigroup Inc. is entering a major partnership with BlackRock Inc. to outsource the management of $80 billion in client assets from its Citi Investment Management division. This move will close Citigroup’s only remaining in-house asset management operation and expand BlackRock’s existing role managing portions of the bank’s $635 billion client portfolio. The transition affects thousands of Citigroup’s wealthiest clients and represents a strategic shift toward third-party investment management. Jaime Magyera of BlackRock indicated this partnership signals a broader transformation in how large banks approach wealth management services, suggesting more such deals may follow as institutions focus on their core competencies.
about Citigroup Outsources $80B Wealth Unit to BlackRockCongress Passes Landmark Crypto Stablecoin Regulation
In a historic move, Congress approved the first federal legislation to regulate stablecoins, paving the way for their expanded use in everyday finance. The bill, supported by Republicans and championed by President Trump, introduces federal or state oversight for dollar-pegged tokens, which operate 24/7 across platforms. Proponents argue this could revolutionize payments by making them faster and cheaper while legitimizing a $265 billion market projected to reach $3.7 trillion by 2030. The legislation represents a significant step toward mainstream crypto adoption, balancing innovation with regulatory clarity.
about Congress Passes Landmark Crypto Stablecoin RegulationCitigroup Prepares for Loan Losses Amid Economic Uncertainty
Citigroup Inc. is preparing for potential loan losses by increasing its credit reserves by hundreds of millions of dollars compared to the previous quarter, as reported by Bloomberg. Vis Raghavan, Citigroup’s head of banking, noted that 80% of the bank’s corporate exposure is to high-creditworthy entities, providing some reassurance. However, the investment banking sector remains impacted by macroeconomic uncertainty, with Raghavan emphasizing that market clarity is crucial for activity. Analysts, however, expect loan losses to decrease in the second quarter.
about Citigroup Prepares for Loan Losses Amid Economic UncertaintyUS Banks’ Q1 Profits Hit $70.6B as Non-Interest Income Rises
The US banking industry saw a significant rise in profits during the first quarter of the year, with net income reaching $70.6 billion, a 5.8% increase from the previous quarter, according to the FDIC. This growth was fueled by a jump in non-interest income, despite economic uncertainties, inflation, and tighter credit conditions. The top four US banks—JPMorgan Chase, Bank of America, Citibank, and Wells Fargo—collectively grew their assets by $681.71 billion, marking a 5.9% increase. JPMorgan Chase led with an 8.9% asset growth, while Citigroup posted the highest sequential growth at 9.3%. The FDIC emphasized the industry’s strong capital and liquidity levels, which continue to support lending and financial stability.
about US Banks' Q1 Profits Hit $70.6B as Non-Interest Income RisesCiti Bank Averts Major Transfer Error of 81 Trillion Dollars
A significant error at Citigroup nearly resulted in an $81 trillion transfer due to a system glitch that pre-filled an input field with 15 zeros. The bank intended to transfer just $280 in four transactions to Brazil, but the payment got stuck and required manual intervention. Although the mistake was quickly identified and reversed, it highlights the need for improved automation in banking processes.
about Citi Bank Averts Major Transfer Error of 81 Trillion Dollars