US banks: BofA, GS ride trading boom; Morgan Stanley dips
BANK OF AMERICA
Shares of Bank of America BAC.N rise as much as 2.3% in choppy premarket trading
Bank reported Q2 profit beat as its traders brought in more revenue from tumultuous markets
BofA's investment banking fees slid 9% to $1.4 billion
Up to Tuesday's close, stock rose 5% YTD vs ~13.7% surge in S&P 500 banks index .SPXBK
GOLDMAN SACHS
Shares of Goldman Sachs GS.N up 1.5% in premarket trading
Bank's profit climbed 22% in Q2
Goldman's investment banking fees stood at $2.19 billion, 26% higher than a year earlier
Up to Tuesday's close, stock rose 22.6% YTD vs ~13.7% surge in S&P 500 banks index .SPXBK
MORGAN STANLEY
Shares of Morgan Stanley MS.N down 0.7% in choppy premarket trading
MS beat Wall St expectations in its Q2 earnings for 2025, as heightened market volatility significantly boosted its trading operations
Its investment banking revenue declined 5% in the quarter
Up to Tuesday's close, stock rose 12.6% YTD vs ~13.7% surge in S&P 500 banks index .SPXBK
Related Articles
Nikkei Index Heading Toward 60,000? Why Is Global Capital Betting on Sanae Takaichi? Will Japan’s Stock Market Continue to Hit New Highs in 2026?
TradingKey - In February 2026, the Tokyo stock market once again became the epicenter of global financial markets. Following a landslide victory by the Sanae Takaichi-led Liberal Democratic Party in the Lower House elections, the Nikkei 225 Index hit consecutive record highs within just a few days, targeting the 60,000-point milestone.
Stock Market Crash 2026: What Fed Signals and Economic Data Mean for Investors
TradingKey - The possibility of a stock market crash occurring in 2026 is becoming increasingly likely as investor sentiment continues to decline.
New Fed Chair Warsh Takes Office: Major Shift in Monetary Policy? US Dollar Short-Term Rebound, 2026 Investment Strategy Analysis
TradingKey - At the start of 2026, global financial markets witnessed a major leadership change as U.S. President Trump officially nominated Kevin Warsh as the next Federal Reserve Chair. Pending Senate confirmation, he will succeed Jerome Powell this May to lead the world’s most influential central bank.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
