Wall Street banks break records as Iran war drives trading boom
JPMorgan Chase, Citigroup and Wells Fargo reported more than $25bn of profits for the first quarter
JPMorgan Chase, Citigroup and Wells Fargo reported more than $25bn of profits for the first quarter

Five largest US lenders expected to unveil highest combined trading revenues since at least 2014

Analysts expect profits to be boosted by weak dollar and Trump administration’s tax and spending plans

Investors turn attention to strong Wall Street earnings and bet on swift end to war

Oil major’s quarterly profit beats analysts’ expectations on back of ‘exceptional’ trading performance

Wall Street bank’s rates desk was key driver behind unexpected drop in fixed-income revenue

Asia-focused bank reports record quarterly profit even as it sets aside funds to hedge against Middle East risk