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Three banks earned about 80% of the AI-boom trading money. Here's how

Goldman Sachs, JPMorgan and Morgan Stanley booked roughly $52 billion in equities trading revenue through September, according to CNBC. Hedge-fund financing is a big reason.

Three banks earned about 80% of the AI-boom trading money. Here's how — slide 1 of 7Three banks earned about 80% of the AI-boom trading money. Here's how — slide 2 of 7Three banks earned about 80% of the AI-boom trading money. Here's how — slide 3 of 7Three banks earned about 80% of the AI-boom trading money. Here's how — slide 4 of 7Three banks earned about 80% of the AI-boom trading money. Here's how — slide 5 of 7Three banks earned about 80% of the AI-boom trading money. Here's how — slide 6 of 7Three banks earned about 80% of the AI-boom trading money. Here's how — slide 7 of 7
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Wall Street's three biggest trading banks are collecting most of the money from this year's stock-market surge. According to CNBC's Oct. 21 report, which draws on company filings, Goldman Sachs, JPMorgan Chase and Morgan Stanley together booked about $52 billion in equities trading revenue from January through September 2026.

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General market information for educational purposes — not investment advice. Figures come from the linked sources.