Five Major U.S. Banks Beat Earnings, but Diverging Stock Reactions Reveal an Uneven Profit Story
News BriefFive major U.S. banks delivered stronger-than-expected second-quarter 2026 earnings, supported by a surge in equity trading, investment-banking fees, underwriting activity, and resilient consumer spending.JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo generated more than $49 billion in combined quarterly profit, up approximately 39% from a year earlier. Combined revenue increased by more than 20%, with several banks reporting record or near-record trading re