Major U.S. banks are set to report blockbuster earnings driven by record M&A volumes, surging IPO proceeds, and elevated equity trading revenues fueled by volatility from the U.S.-Iran conflict. Massive stock buybacks (over $100B this year) and rising dividends after stress tests, along with regulatory easing, make large banks, especially JPMorgan and Goldman Sachs, very attractive.
Major U.S. banks are set to report blockbuster earnings driven by record M&A volumes, surging IPO proceeds, and elevated equity trading revenues fueled by volatility from the U.S.-Iran conflict. Massive stock buybacks (over $100B this year) and rising dividends after stress tests, along with regulatory easing, make large banks, especially JPMorgan and Goldman Sachs, very attractive.