Big banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."

Top US banks like Goldman Sachs, JPMorgan, Citi, Bank of America, and Morgan Stanley are expected to report strong earnings this week

JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup are set to report a year-on-year fees increase of 27 per cent in the second quarter.

In a remarkable feat, JPMorgan Chase announced its record profits for the second quarter, driven by impressive growth in investment banking and trading revenues. This quarter saw…