Tech Mahindra, India’s fifth-largest IT services company by revenue, reported marginally lower-than-expected first-quarter revenue on Wednesday, as sales in its Americas market recorded the steepest decline in nearly five years.

Bank of New York Mellon’s Pershing unit, which custodies assets on behalf of wealth management firms, suffered $10 billion in net asset outflows for the second quarter including a significant market drop in April due to President Donald Trump’s tariffs.

Goldman Sachs reported its best-ever quarter for stock trading. Wall Street banks have posted mostly strong results for the second quarter.

Between President Trump's "Liberation Day" tariffs, the subsequent tariff rollbacks and rollouts, the Israel-Iran conflict, and myriad other market-moving events, the S&P 500 recorded some of its biggest one- and two-day swings on record during the quarter.

Wells Fargo also reported its second-quarter earnings early Tuesday, beating Wall Street’s profit and revenue targets. Wells posted net income of $5.5 billion in the period. That works out to a profit of $1.60 per share, beating the $1.41 analysts expected and the $1.33 from the same quarter a year ago.

BlackRock's assets under management hit a new high in the second quarter as global markets rallied on the prospect of trade deals and interest-rate cuts from the U.S. Federal Reserve, brushing aside earlier tariff-related jitters.

Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.