Dossier
Stock Market Turbulence
Coverage of Stock Market Turbulence in the Nexus archive.
- Big US banks rake in near-$50bn profit as Iran war shakes markets
Six major US banks, including Bank of America, Morgan Stanley, and JPMorgan Chase, reported nearly $50bn in first-quarter profits due to increased demand for trading services amid stock market volatility caused by the US-Israeli conflict with Iran. The earnings surge reflects investors shifting to safer assets amid geopolitical tensions.