📰 ET Markets 📊 EARNINGS 🕒 10 Oct 2026, 12:18 AM IST

Gold, silver boom puts US bank trading revenues on track for record $5 billion

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Core Development: Gold, silver boom puts US bank trading revenues on track for record $5 billion

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Market & Financial Impact: In the first half of 2026, the precious metals desks at major banks achieved significant earnings due to high demand. JPMorgan Chase reported approximately $700 million in profits from trading gold, silver, and other metals. Deutsche Bank also returned to bullion trading, earning more than $200 million in the same period. Analysts predict that banks will generate around $5 billion from precious metals trading by the end of the year.

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Actionable Insight: 📊 Earnings Focus: Assess quarterly EBITDA margins, year-over-year revenue, and management guidance.

Commodity trading has become an important source of revenue for top US banks and Wall Street firms including Goldman Sachs, Bank of America and Morgan Stanley.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Gold, silver boom puts US bank trading revenues on track for record $5 billion

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