Market volatility spurred by Trump tariffs was a boost for Europe's banks

Source: Business Insider

UBS, Barclays, Deutsche Bank, and HSBC all reported higher-than-expected profits in their most recent quarters. Dan Kitwood/Getty ImagesSeveral European banks reported better-than-expected profits amid market volatility in early 2025. The uncertainty and fast-moving news cycle around Trump's tariffs led to huge market swings in Q1.