Browsing: SPDR S&P Bank ETF

Fueled by the global boom in artificial intelligence stocks, relaxed capital rules and greater lending to hedge funds, big Wall Street banks have already had a banner year for equities trading — even with one quarter left to go.

JPMorgan Chase has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, the company said Monday, a faster-than-expected pace that indicates the bank is finding plentiful opportunities in emerging defense, manufacturing and supply chain firms.

Bank of America on Wednesday posted a sharp profit decline after being hit with a $1.2 billion penalty by U.S. regulators, while revenue also disappointed after trading operations generated about $750 million less than expected.

Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for mergers wide open under the Trump administration, who will take a swing?

Nvidia and Intel recently tapped the bank to help them meeting soaring demand for compute.