--- title: Wall Street just had its best investment banking quarter... description: Major US banks posted record investment banking fees in Q2 2026, driven largely by AI infrastructure financing. Goldman Sachs booked a record $3.4bn in fees... canonical: https://daily.dev/posts/wall-street-just-had-its-best-investment-banking-quarter-in-years-and-it-is-calling-ai-a-super-cycl-0gjmu8fje twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Wall Street just had its best investment banking quarter in years, and it is calling AI a super cycle | daily.dev og:description: Major US banks posted record investment banking fees in Q2 2026, driven largely by AI infrastructure financing. Goldman Sachs booked a record $3.4bn in fees... og:url: https://daily.dev/posts/wall-street-just-had-its-best-investment-banking-quarter-in-years-and-it-is-calling-ai-a-super-cycl-0gjmu8fje og:image: https://api.daily.dev/og/posts/0GJMu8fJe.png og:image:alt: Wall Street just had its best investment banking quarter in years, and it is calling AI a super cycle og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Wall Street just had its best investment banking quarter in years, and it is calling AI a super cycle **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Major US banks posted record investment banking fees in Q2 2026, driven largely by AI infrastructure financing. Goldman Sachs booked a record $3.4bn in fees (up 55%), JPMorgan $3.3bn (up 30%), Morgan Stanley up 58%, and Bank of America up 50%. Goldman's CEO David Solomon coined the term 'AI CapEx super cycle,' while Morgan Stanley's CEO estimated the industry is only 10-15% through the investment cycle, with data centre capex projected to reach $1.5trn by 2028. JPMorgan's CFO notably disclosed the bank passed on some data centre deals due to concerns about power supply and tenant risk. Combined net income across the five largest US banks reached ~$49bn, up 39% year-on-year. Financing structures are growing more complex, with deals like Meta's $27.3bn private placement for a single Louisiana campus. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Wall Street’s six largest banks cut 15,000 jobs and posted $47 billion in profits. 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