Banks are giving the all-clear signal on the U.S. economy during the turbulent opening months of the second Trump presidency.

• Wall Street is humming thanks to a boom in stock and bond trading and a pickup in corporations acquiring competitors and taking out massive loans.
• At the same time, Main Street is holding up as the American consumer continues to spend, borrow and repay loans, according to reports this week from the largest U.S. banks.
• It makes for an unusually profitable environment for financial firms. The six biggest U.S. banks generated $39 billion in second-quarter profit, outstripping analysts' expectations and collectively jumping more than 20% from core earnings a year ago.
• It's a remarkable result after a tumultuous start to the quarter. The period began with shock and plunging markets on April 2 over President Donald Trump's sweeping "Liberation Day" tariffs.