State official overseeing audits and fiscal oversight
Profits at Wall Street broker-dealers are on track to hit a record, with first-half 2026 profits near $45.9 billion, up 51.3% from 2025. Analysts say underwriting and dealmaking are driving growth, despite macro headwinds. SpaceX’s IPO and AI investment underpin deal activity, while concerns over inflation, rates, and geopolitics loom over the outlook.