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Big Wall Street banks earn $52B in equities trading, driven by AI and semiconductor bets.

Market News
21 Oct 2026
CNBC
View Source
Bullish
Big Wall Street banks earn $52B in equities trading, driven by AI and semiconductor bets.

Goldman Sachs, JPMorgan Chase, and Morgan Stanley have earned a combined $52 billion in equities trading revenue this year, capturing nearly 80% of the top-five banks' total $67 billion. This surge is fueled by strong hedge fund borrowing to leverage bets on AI hardware and Asian semiconductor supply chains, supported by relaxed leverage rules. The Big Three's large balance sheets allow them to absorb risks and losses that smaller banks cannot, solidifying their dominance. However, regulators and the IMF warn about rising leverage risks amid this booming market activity.

The dominance of Goldman Sachs, JPMorgan Chase, and Morgan Stanley in the AI stock boom is reflected in their strong market presence on Pluang. As of Oct 21, 2026 20:41 WIB, Goldman Sachs trades at USD 894.02 with a 1-day gain of 1.04%, while Morgan Stanley is priced at USD 181.17, up 0.43% for the day. JPMorgan Chase, slightly down by 0.27%, remains a major player with a market cap of $890.32 billion on Pluang.

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Goldman Sachs rated Buy with $1,116 target, 27% upside as recurring revenue grows and EPS outlook strong.

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