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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

By

Elaine Chen and

October 15, 2020, 4:03 PM UTC

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.