When the river is troubled...bankers profit!

This week, major US banks reported their second-quarter financial results, with the news that they earned significant profits from stock market trading thanks to the market turmoil caused by Trump in early April with the introduction of reciprocal tariffs on some 185 countries.

Equity trading revenues for major US banks soared in the second quarter of 2025 amid market turmoil.

Bank of America was one of the beneficiaries of the market turbulence.

Goldman Sachs was the biggest beneficiary.

Morgan Stanley reported 23% higher revenue from securities trading.

JPMorgan & Chase is the largest bank in the US.