Wall Street banks eye record Q2 revenue from SpaceX IPO, war‑driven trading spikes
JPMorgan, Chase, Goldman Sachs and Bank of America are on track for their strongest Q2 ever, boosted by underwriting the massive SpaceX IPO, heightened trading fees from Iran‑related volatility, and a comeback in commercial lending. The surge reshapes Wall Street’s profit mix, hinting at higher fees even as rate cuts loom.