Oct 6 (Reuters) – Profits for the US securities industry totaled $45.9 billion in the first half of the year, putting it on track for a new annual record, according to a report released on Tuesday by New York State Comptroller Thomas DiNapoli.
A revival in dealmaking, strong trading revenue fueled by market volatility, resilient loan growth and a resurgent IPO market have boosted nearly every major Wall Street business this year.
Here are more details:
• Securities profits soared to a record $65.1 billion in 2025, up more than 30% from the prior year, the report showed
• Profits in the first half of 2026 surged 51.3% from a year ago
• If they keep up the same pace, profits could exceed $90 billion for 2026
• “This figure would also outpace even inflation-adjusted record levels in 2009,” the report said
• Wall Street remains a crucial pillar of New York City’s economy, supporting hundreds of thousands of jobs and generating billions of dollars in tax revenue each year
• The report said the industry contributed at least $7.8 billion to the city’s budget in fiscal year 2026, up 15.8% from a year ago
(Reporting by Manya Saini in Bengaluru and Saeed Azhar in New York; Editing by Sahal Muhammed)
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