Q1 Banks: Record Profits Despite Everything

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After a brilliant growth year in 2024, the US financial market entered the first quarter of 2025 with intense volatility.

• In just the first week of April, major US indices plunged more than 5% due to concerns over trade and policy, then surged strongly after the 90-day tariff postponement announcement, before dropping back.

• The market swirled between expectations and uncertainty – a picture vividly depicting the “animal spirits” investment psychology foundation that Donald Trump's victory once ignited at the end of 2024.

• Read again the article summarizing 2024 business results of the US banking sector at:

In that context, the largest US banks still had a prosperous quarter thanks to two key factors: high interest rates and strong market volatility – both driving trading and investment activities.

Q1/2025 business results of 6 major US banks – JPMorgan, Bank of America, Goldman Sachs, Morgan Stanley, Citigroup and Wells Fargo – not only exceeded expectations but also sent a message: US businesses and consumers still have resilience, despite countless question marks ahead.

1. Overview of Banking Sector Performance Q1/2025

2. BofA: Accelerates thanks to trading

3. Wells Fargo: Cost Discipline

4. Morgan Stanley: Big Win from Equities

5. Goldman Sachs: Benefits from Market Volatility

6. Citigroup: Comprehensive Acceleration Thanks to Booming Trading Segment