Woofun AI reports that JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs released second-quarter earnings on Tuesday, followed by Morgan Stanley on Wednesday. Market expectations centered on revenue growth in investment banking and trading, fueled by the SpaceX IPO, heightened M&A activity, and volatility linked to Iran tensions.

KBW analysts project a 26% year-on-year increase in investment banking revenue and a 14% rise in trading revenue for large banks. The SpaceX IPO generated underwriting fees and "soft dollars" income for Goldman Sachs and Morgan Stanley. Analysts note a revival in commercial lending due to AI infrastructure investment, suggesting a profit "sweet spot" driven by active capital markets and stable consumer credit, though sustainability through 2027 remains under scrutiny.