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Big banks see Q2 revenue tailwinds from SpaceX IPO and commercial lending
The outlook also points to revenue support from volatility tied to the Iran war, alongside expectations for stronger commercial lending.
CNBC reports that major banks are heading into Q2 earnings with a favorable backdrop for revenue, helped by developments tied to the SpaceX IPO and ongoing market volatility related to the Iran war.
According to CNBC, the combination of deal activity and trading driven by the IPO, plus uncertainty-linked volatility, is expected to support results for banks in a period viewed as a strong stretch for Wall Street.
CNBC also cites a rebound in commercial lending as another factor that could bolster revenue during the quarter, reinforcing the expectation that banks will benefit from broader activity rather than only trading effects.