Finance

Wall Street Traders Set Records as Trump's Tariffs Roil Markets

A trader works on the floor of the New York Stock Exchange in New York.

Photographer: Michael Nagle/Bloomberg

As Donald Trump’s tariff policies roiled markets almost everywhere, on Wall Street they were helping the biggest banks set records.

JPMorgan Chase & Co.’s stock traders scored their best second quarter ever, while Citigroup Inc.’s, trading division saw its best result for that period in five years. Analyst predictions were easily surpassed by the banks’ respective hauls, and even investment banking businesses did better than expected despite fears the same volatility might stymie deals.