# JP Morgan and Goldman Sachs to lead Wall Street profit haul on back of Iran war.

*business · news · 2026-04-09 · City A.M.*

## Key points

- Goldman Sachs and JP Morgan expect significant profit growth due to Middle East volatility.
- Goldman Sachs cites regulatory changes increasing the likelihood of strategic transactions and M&A activity.
- JP Morgan forecasts 8.5% growth in interest income and over 7% profit growth for Q1.
- Citigroup is projected to see the largest profit surge from increased investment banking fees and market revenue.
- Bank leaders warn that the Iran war may cause persistent inflation and higher interest rates.

**Companies:** JP Morgan, Goldman Sachs, Citigroup
**Countries:** United States, Iran

[Read the full story on City A.M.](https://www.cityam.com/wall-street-banks-profits-jp-morgan-goldman-sachs-citigroup-iran-war/)

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