Market volatility spurred by Trump tariffs was a boost for Europe's banks
Briefly

In early 2025, European banks including UBS, Barclays, Deutsche Bank, and HSBC reported higher-than-expected profits due to market volatility stemming from President Trump's tariffs, which created significant trading opportunities. UBS's net profit of $1.7 billion exceeded forecasts, driven by robust performance in its global markets unit, while Barclays also noted a 19% increase in pre-tax profit. Despite challenges from market fluctuations, these banks have leveraged their infrastructure and client focus to enhance their earnings during turbulent times, signaling resilience in adjusting to fast-paced market changes.
The investments we have made to reinforce our infrastructure are paying off with our operations proving stable and resilient as we facilitate client activity across asset classes.
UBS, Barclays, Deutsche Bank, and HSBC all reported better-than-expected profits in their most recent quarters, with all four lenders mentioning the boost provided by tariff-driven volatility.
Market turbulence, while disruptive, hasn't been all bad news. Several European banks said in recent earnings that massive market swings benefited their trading operations.
The power and scale of our diversified global franchise, coupled with our continued focus on clients, drove strong business momentum in the quarter and net new inflows in our asset-gathering businesses.
Read at Business Insider
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