Larry Fink

Money Moves

As of May 2026: Reporting Q1 2026 earnings; overseeing $13.89 trillion in assets

The six largest American banks wrapped up first-quarter 2026 reporting with combined net income of $47.3 billion, with trading floors thriving on Iran war volatility even as the outlook darkened. JPMorgan earned $5.94 per share on $50.54 billion in revenue as fixed-income trading surged 21 percent to $7.08 billion, while Citigroup posted its best quarterly revenue in a decade at $24.63 billion. Bank of America earned $1.11 per share, its highest in nearly two decades. Morgan Stanley posted a record equities trading quarter of $5.15 billion and a 29 percent jump in profit. Goldman Sachs led the week with record equities trading revenue of $5.33 billion. The banks announced roughly 5,000 job cuts, using the profit windfall to trim headcount rather than expand.

Updated May 31

Rule Changes

As of May 2026: Co-chairing the summit alongside Roche's André Hoffmann

For 55 years, the World Economic Forum at Davos was neutral ground where adversaries brokered deals. This year, 65 heads of state and nearly 3,000 leaders arrived just 48 hours after Trump announced 10% tariffs on eight European allies. The tariffs escalate to 25% by June unless Denmark agrees to sell Greenland.

Updated May 22