Investment Banking

European banks notch $5.5bn in Trump stock trading boost

Trading windfall set to continue in second quarter as tariffs rattle markets

Wednesday 30 April 2025 at 10:34

Stock trading revenue has surged to record highs at many investment banks
Stock trading revenue has surged to record highs at many investment banks Photo: Michael Nagle/Getty Images

European banks notched blockbuster stock trading revenues in the run-up to US president Donald Trump’s tariff war, with further volatility tipped to bolster performance in the second quarter.

UBS, BNP Paribas, Barclays and Société Générale generated around $5.5bn in combined equities trading revenue during the first three months of 2025, according to a Financial News analysis of company filings.