It’s Official: Wall Street Topped $100 Billion in Profit

Bank Earnings Show U.S. Economy Is Resilient, Says Northern Trust's Browne

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By Hannah Levitt and Max Abelson

January 16, 2019 at 9:29 AM EST

Updated on

January 16, 2019 at 4:26 PM EST

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The six biggest U.S. banks have never had a $100 billion year. Until now.

Goldman Sachs Group Inc., JPMorgan Chase & Co. and their peers have already reported more than $111 billion of profit for 2018. Morgan Stanley will only make that number bigger when it releases its fourth-quarter results Thursday.

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