Rob Copeland and Stacy CowleyJul 14, 2026 – 11.52pmIn a world of uncertainty, one reliable rule is that Wall Street will find a way to make money.That was underscored with emphasis Tuesday when four of the largest banks in the United States reported a collective $43 billion ($61.6 billion) in profits in the second quarter, smashing records and exceeding analysts’ projections, despite the war with Iran, stubborn inflation and mounting concerns about the staying power of the artificial intelligence boom.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US banks smash earnings records, despite ‘tectonic’ risks
The four biggest US banks reported a collective 61.6 billion quarterly profit, on the back of a boom in their equities trading businesses.
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