The same week Americans recorded a 74-year low in economic pessimism, Wall Street’s biggest banks closed their most lucrative trading quarter since at least 2014.
The S&P 500 punched through 7,000 to a fresh all-time high. Goldman Sachs posted its second-highest quarterly revenue on record. Morgan Stanley’s equities desk set a record of its own. JPMorgan, Bank of America, and Citigroup all notched records in stock trading.
