Every big bank that reported Q2 2026 results this morning grew equities-trading revenue by double digits vs. a year ago:
$JPM Equity Markets: +86% ($6.0B)
$GS Equities: +72% ($7.4B — a quarterly record)
$BAC Equities: +70% ($3.6B)
$WFC Equities: +64% ($0.6B)
$C Equity markets: +45% ($2.3B)
Across the five, equities-trading revenue totaled ~$20B, up from ~$11.7B in Q2 2025.