State official overseeing audits and fiscal oversight
Wall Street broker-dealers have posted first-half profits of $45.9 billion in 2026, up 51.3% from a year earlier, putting annual profits on track to exceed $90 billion. Underwriting and dealmaking drive the surge amid AI investments and a volatile market, with SpaceX’s IPO and equity issuance fueling activity. Regulators warn of risks from inflation, rates, and geopolitical tensions.