Strong Dealmaking Boosts Profits at US Banking Giants

Strong dealmaking boosts profits at US banking giants

Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.

Bank earnings tell a story of 2 economies

Wall Street's banks posted strong profits on the back of dealmaking and trading activity. But consumer business lines raise the prospect of "uncertainty"

Banking giants expect dealmaking spree to continue as profits climb

NEW YORK — Wall Street executives predicted that windfall earnings from investment banking in the third quarter would continue for the rest of the year, buoying profits at U.S. banking giants.

Dealmaking spree drives strong U.S. bank profits as fears mount of asset price bubbles

Investment banking revenues at top U.S. banks soared last quarter, and Wall Street expects the windfall to continue