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Finance Business & Enterprise

Wall Street on track for record profits

AxiosPublished 6 days ago

Read the full article

Wall Street firms earned $45.9B in profits in the first half of 2026, surpassing last year's total and on track to break records due to AI-driven dealmaking and volatile markets. Underwriting fees rose 68%, boosted by the SpaceX IPO and increased debt issuance from AI companies.

#investment-banking #new-york-state-comptroller #spacex #zohran-mamdani

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