As Donald Trump’s tariff policies roiled markets almost everywhere, on Wall Street they were helping the biggest banks set records.
JPMorgan Chase & Co.’s stock traders scored their best second quarter ever, while Citigroup Inc.’s, trading division saw its best result for that period in five years. Analyst predictions were easily surpassed by the banks’ respective hauls, and even investment banking businesses did better than expected despite fears the same volatility might stymie deals.
“Volatility is going to be a feature, not a bug, of the new world order,” Citigroup Chief Executive Officer Jane Fraser told analysts …