Major U.S. Banks Begin Q2 Earnings Season; Investment Banking Revenue Expected to Surge 26%

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According to BlockBeats, on July 13, JPMorgan, Bank of America, Citi, Wells Fargo, and Goldman Sachs are set to report second-quarter earnings on Tuesday, with Morgan Stanley following on Wednesday. KBW analysts project investment banking revenue growth of approximately 26% year-over-year and trading business revenue growth of about 14%, driven primarily by the SpaceX IPO, elevated M&A activity, and market volatility stemming from geopolitical tensions. The SpaceX deal is expected to generate substantial underwriting, debt financing, and soft dollar fees for Goldman Sachs and Morgan Stanley.
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