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AI Fuels Goldman, JPMorgan Revenue Jumps; BofA Gives OpenAI $520M

7/15/2026

48 5 Full Breakdown

Summary

Story summary

Goldman Sachs and JPMorgan Chase posted Q2 2026 revenues of $20.3 billion (up 39%) and $58 billion (up 27%) on AI-driven activity.
Their equity-trading income rose to $7.42 billion and $6 billion, up 72% and 86%, beating forecasts by $4.4 billion.
Bank of America gave OpenAI a $520 million credit line and has raised nearly $500 billion for AI firms since 2025, equal to 60% of such financing.

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Story summary

Goldman Sachs and JPMorgan Chase posted Q2 2026 revenues of $20.3 billion (up 39%) and $58 billion (up 27%) on AI-driven activity.
Their equity-trading income rose to $7.42 billion and $6 billion, up 72% and 86%, beating forecasts by $4.4 billion.
Bank of America gave OpenAI a $520 million credit line and has raised nearly $500 billion for AI firms since 2025, equal to 60% of such financing.