Post by The Analyst's Code

Wall Street just posted 3× the trading revenues of Europe's biggest banks in Q1 2026. Not because European banks had a bad quarter but because of a decision made back in 2008. After the financial crisis, European banks exited commodities trading. This quarter, commodity markets surged. They simply weren't there. Add a stronger euro eating into dollar revenues, and US deregulation widening the gap further and the picture becomes clear. UBS was the outlier — up 31%, best of any large bank globally. SocGen was the worst — down 4%, losing ground even at home. The structural gap between Wall Street and European banks isn't closing. It's widening. Follow The Analyst's Code for more markets stories like this, broken down every week. #InvestmentBanking #Markets #News #WallStreet #Finance