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Wall Street’s Commodity Traders on Track to Break Profit Records

  • Top 100 banks could make $18 billion, Vali Analytics estimates
  • High energy prices and Ukraine war have boosted earnings

The world’s biggest banks are on track to make a killing in commodities this year, surpassing the record sums they made in the financial crisis.

The 100 biggest banks by revenue are set to make $18 billion from commodities trading in 2022, according to data and estimates from Vali Analytics in London. That would be the highest in the data, which goes back 14 years, and exceed the previous high watermark in 2009.