US big banks smash Q2 profit records despite Iran war and persistent inflation

The largest US banks collectively posted record profits in the second quarter of 2025, earning tens of billions of dollars despite the ongoing war with Iran and persistent inflation. Analysts warn, however, of looming "tectonic" risks that could threaten the sector in coming quarters. The strong results mark a new earnings milestone for Wall Street's biggest institutions.

Is it ethically justified for banks to post record profits during a war and high inflation?

NYT Business · 11d ago · Source ↗

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US big banks smash Q2 profit records despite Iran war and persistent inflation

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