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Expectations are high that when banks start posting second-quarter results Tuesday, led by JPMorgan Chase and Bank of America, revenue from trading equities and fixed income will approach, or even exceed, the records set earlier this year. That's a key part of what veteran analyst Mike Mayo of Wells Fargo calls the "sweet spot" in the financial sector right now. Both of banking's profit engines — ...
Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility | Huntaegis