Wall Street windfall: Trading biz booms amid tariff chaos
Wall Street's biggest stock traders just delivered their best quarter ever. And that was before US President Donald Trump's trade war made stock and bond markets even wilder. Goldman Sachs reported its highest-ever quarter for equity trading, after JPMorgan Chase and Morgan Stanley hit similar milestones last week. On Tuesday, Bank of America and Citigroup beat Wall Street estimates for first-quarter profit as their traders reaped a windfall from volatile markets. The banks' top executives see it continuing, at least for now, as markets remain on edge.
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