Wall Street banks posted strong second-quarter earnings, boosted by robust merger-and-acquisition advisory fees and a surge in trading revenue, though...

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.

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."