Wall St banks snapping record trading revenues as risk‑on frenzy hits $180B
JPMorgan, Goldman, Morgan Stanley, BofA and Citi are on track for about $180 billion in trading revenue this year, driven by soaring equity bets and a risk‑on market. Q2 market income rose 42% year‑over‑year, with equities up 71%, signaling a boom that echoes the turmoil‑driven surge of 2009.