In the first quarter of 2026, the six major banks on Wall Street recorded a combined profit of approximately 47.3 billions dollars, setting a new historical high.

Meanwhile, these six banks have collectively cut over 15,000 jobs. The reasons cited are no longer economic recession, but artificial intelligence. According to Bloomberg's projections, the global banking industry could cut as many as 200,000 jobs in the next three to five years, with the main impact on back-office operations, risk control and compliance, human resources, and technical support departments. JPMorgan Stanley estimates that among just 35 major European banks, 200,000 jobs—equivalent to 10% of the sector's entire workforce—will disappear by 2030.