business
Banks rake in big profits as both Wall Street and the US consumer stay strong
By Matt Ott, Associated Press at KSAT 12 (ABC affiliate)
· July 14, 2026
· 5 min read
Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.It marks the second straight quarter of strong results from the banks, which have benefited from market volati...
Key takeaway JPMorgan hits recordsJPMorgan Chase logged $16.
Why this matters in The San Antonio
The strong quarterly profits reported by JPMorgan Chase and Wells Fargo have implications for San Antonio 's business community, particularly in the financial sector. As major banks continue to capitalize on market volatility, local businesses and investors may see increased opportunities for investment and growth. The surge in investment banking revenue and initial public offerings could also lead to more activity in San Antonio's own business landscape, potentially attracting new companies and startups to the area. Furthermore, the growth of these financial institutions could lead to an increase in job opportunities in the city's financial sector, contributing to the local economy. As the nation's largest banks continue to thrive, San Antonio's business leaders will be watching to see how this trend affects the local market and what opportunities may arise for the city's own economic development.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 14, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.It marks the second straight quarter of strong results from the banks, which have benefited from market volati...
When was this published? This article was first published on July 14, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Matt Ott, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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