Wall Street on track for record profits
Summary
Wall Street firms earned $45.9 billion in profits in the first half of 2026, which is already more than the full-year forecast for 2026. If this growth continues, profits could reach over $90 billion, setting a new record and surpassing previous years.Key Facts
- Wall Street profits in the first half of 2026 increased by 51.3% compared to the same period in 2025.
- The current profit total already exceeds the $45.3 billion forecast for all of 2026.
- Profits could surpass $90 billion if growth continues at this pace.
- Underwriting fees (helping companies sell stocks and bonds) rose by 68% in early 2026 compared to early 2025.
- Global equity issuance (selling stocks worldwide) increased by 76.5%, boosted by SpaceX’s record-breaking public stock sale.
- Debt issuance (selling bonds) increased by 11.3%, with major borrowers including large AI companies.
- Despite uncertainties like the Iran war and higher inflation, Wall Street profits have been strong.
- Wall Street’s success mainly relies on national and global market conditions, not local New York City business or politics.
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