That’s not US$1 trillion of total revenue, it’s pure profit.
Such a haul didn’t seem possible before the decade began, when Wall Street was the target of a global protest movement and politicians at both ends of the spectrum were seething over bailouts or aiming to break up too-big-to-fail lenders.
They swelled instead, outpacing corporate America so handily that JPMorgan Chase, Bank of America, and even hobbled Wells Fargo . are on track to make more profit over those 10 years than all but a few publicly traded US companies, according to data compiled by Bloomberg. Citigroup, Goldman Sachs Group and Morgan Stanley aren’t far behind. And together the six are poised to make even more next year.