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Wall Street Banks Project Record $18B Q1 Profits

4/10/2026

23 4 Full Breakdown

Summary

Story summary

Wall Street banks are set to report record profits in Q1, driven by trading activity tied to the ongoing war with Iran.
Analysts forecast $18 billion in stock-trading revenue for the quarter, led by Goldman Sachs at $4.79 billion.
JPMorgan Chase & Co. and Citigroup Inc. expect significant growth in investment banking, while executives will address rising oil prices and inflation during earnings calls as volatility shapes sentiment.

History

Historical Context

The 1973 Oil Crisis began when OPEC imposed an embargo in response to U.S. support for Israel during the Yom Kippur War, leading to a 400% surge in oil prices. This crisis triggered global inflation, with the U.S. inflation rate peaking at 11.1% by 1974. The economic turmoil from this period laid the groundwork for ongoing financial volatility and geopolitical tensions today.

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Story summary

Wall Street banks are set to report record profits in Q1, driven by trading activity tied to the ongoing war with Iran.
Analysts forecast $18 billion in stock-trading revenue for the quarter, led by Goldman Sachs at $4.79 billion.
JPMorgan Chase & Co. and Citigroup Inc. expect significant growth in investment banking, while executives will address rising oil prices and inflation during earnings calls as volatility shapes sentiment.

1 / 2