U.S. Banks brace for slowdown while Europe posts big wins

The American banks are experiencing shrinking margins and profit hits due to rising tariffs and trade tensions. Goldman Sachs reports a drop in S&P 500 earnings growth from 12% to 4%, signaling broader economic challenges.

In contrast, European banks have thrived, achieving their best first-half results since 1997. The different outcomes reflect the impact of distinct strategies in investment banking and market conditions affecting U.S. And European markets.

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