Wall Street Poised for Record $18 Billion Equities Trading Haul

Wall Street’s biggest banks are expected to unveil a record $18 billion stock-trading haul for the first quarter as the US’s war with Iran and lingering anxiety over how artificial intelligence could disrupt large swaths of the economy fueled more activity from investors.

The total, based on a Bloomberg consensus of analysts’ estimates, is more than double what the five US banks with the largest trading businesses generated a decade ago and is a roughly 14% jump from the same period last year.

Goldman Sachs Group Inc., which reports Monday, is expected to lead the pack with estimated stock-trading ...