Wall Street banks cash in on market turmoil sparked by Donald Trump's tariff wars
Profits at Goldman Sachs rose by a fifth in the second quarter to £2.8billion as traders put in a record performance.
Morgan Stanley reported a 15 per cent rise in income to £2.6billion as wealthy clients 'bought the dip' as markets tumbled on the back of Trump's trade war before rebounding.
And Bank of America beat profit estimates, driven by tumultuous markets that helped its traders bring in more revenue.
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