Report: Hedge fund leverage demand lifts Wall Street equities revenue to record
A Hedgeweek report citing The Daily Upside and CNBC analysis claims surging hedge fund demand for financing, partly for leveraged AI investments, drove record equities trading revenue at Wall Street's largest banks in 2026. The five largest US investment banks generated $67bn in equities revenue in the first nine months of 2026, about $7bn above last year's full-year record, with Goldman Sachs, Morgan Stanley and JPMorgan Chase accounting for $52bn. Goldman Sachs led with more than $19bn, up 57% year-on-year, and reported a 96% increase in third-quarter equities financing revenue, while JPMorg