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
Photographer: Spencer Platt/Getty Images
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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.