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Wall Street Set for First $100 Billion Trading Year in a Decade

  • Capital markets units are propping up profits during pandemic
  • Bank stocks still aren’t getting much love from investors
As Coronavirus Pandemic Cripples U.S. Economy, Unemployment Rate Soars To 14.7 Percent

Photographer: Spencer Platt/Getty Images

Working from home hasn’t slowed down Wall Street’s trading desks.

The five biggest U.S. investment banks are on pace for their first $100 billion year for trading revenue in more than a decade. In just three quarters, they’ve already generated almost $84 billion, more than any full year since 2010.