Wall Street on track for record profits

Wall Street profits are on track for an all-time record, with first-half 2026 profits at $45.9 billion, up 51.3% from the same period last year and already exceeding the full-year forecast of $45.3 billion. If growth continues, annual profits could exceed $90 billion, surpassing 2025's record $65.1 billion. Underwriting fees rose 68% in the first half.