Business
Heard on the Street Recap
Five of the nation’s largest lenders—including JPMorgan Chase and Goldman Sachs—reported a 39% jump in combined earnings to over $49 billion, driven by surging Wall Street fees from a widespread “risk-on” environment, the recent SpaceX IPO, and the AI boom. Goldman shares soared over 9% on record profits, though Citigroup dropped 5% over concerns about elevated future expenses.
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