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Three engines turned over at once in the second quarter, and Wall Street's biggest banks are set to collect.
The SpaceX IPO, volatility from the Iran conflict, and a rebound in commercial lending converged inside the same reporting window.
The case for surging Q2 revenue is real; what complicates it is that at least two of those three engines run on events that do not recur on schedule.
What drove the quarter The combination amounts to what observers are calling a "sweet spot" for Wall Street. The SpaceX IPO generated fee activity across capital markets.
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