Overview
- Morgan Stanley reported $5.567 billion in first‑quarter profit, up 29% from a year ago on stronger trading and asset‑management revenue.
- Goldman Sachs earned about $5.4 billion as record stock‑trading and a 48% jump in investment‑banking fees offset softer bond markets, and it booked $315 million for possible loan losses, the highest since 2020.
- Citigroup posted $5.785 billion in profit, a 42% rise, with fixed‑income and equities desks lifting revenue to its strongest quarter in a decade.
- JPMorgan delivered $16.49 billion in profit on gains in bond trading and deal fees and lowered its 2026 net interest income target to roughly $103 billion.
- Bank chiefs warned that the Middle East conflict that began on February 28 has raised market stress and could slow mergers, stock offerings, and debt sales in coming quarters.