Bank Trading Bonanza to Continue After Record Before Tariffs

Wall Street’s biggest stock traders just delivered their best quarter ever. And that was before President Donald Trump’s trade war made stock and bond markets even wilder.

Goldman Sachs Group Inc. became the latest firm to report its highest-ever quarter for equity trading, after JPMorgan Chase & Co. and Morgan Stanley hit similar milestones last week amid volatility triggered when Trump took office with a raft of audacious policies. The banks’ top executives see it continuing, at least for now, as markets remain on edge over the extent and impact of the tariff onslaught announced by the President earlier this month.