Bloomberg Television·2025-10-15 21:17Trading Revenue - The six largest US banks, including Morgan Stanley, Bank of America, JP Morgan Chase, Wells Fargo, Goldman Sachs, and Croup, experienced a banner quarter [1] - The firms achieved their highest third-quarter trading revenue in at least 5 years, driven by increased volatility related to President Trump's policies, including tariffs [2] - Morgan Stanley's equity traders generated $4.12 billion in revenue, a 35% surge that surpassed analyst estimates [2] - Goldman Sachs reported $3.74 billion in stock trading revenue, slightly below Morgan Stanley's performance [3] Economic Outlook - With the exception of JP Morgan Chase, banks set aside less money for loan loss provisions, indicating confidence in the resilience of the US economy [3] - JP Morgan CEO Jamie Dimon's warning about potential bankruptcies, likening them to "cockroaches," was dismissed by Blue Owl's co-CEO Mark Lipshields as fear-mongering [4]