Bank Earnings Show Wall Street Is Back in the Driver's Seat—For Now
Follow live coverage and analysis of earnings from Wells Fargo, JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Morgan Stanley, and BlackRock.
How AI Revolution Is Driving 200,000 Layoffs On Wall Street
Wall Street execs predict 200,000 layoffs, due to artificial intelligence (AI). As technology impacts finance, and other sectors, here's how to prepare your career.
Trading Activity Surged at Wall Street Banks
This is a good time to be a trader. Revenue from big Wall Street desks dealing in stocks, bonds and other instruments surged in the fourth quarter from a year ago. [Trading revenue at Citigroup](
Citigroup Earnings Top Wall Street Forecasts
Shares rose 3.6% in premarket trading. Citi, one of the nation’s largest banks, has been pursuing a turnaround strategy under CEO Jane Fraser, who has sold off some business and reorganized the company around five core business units.
US earnings latest: Wall Street profits surge on trading boom
Wall Street banks JPMorgan Chase, Goldman Sachs and Citigroup notched up strong rises in profits at the end of last year, powered by a boom in trading and dealmaking. JPMorgan’s net earnings rose 50 per cent per cent to $14bn,
Bank of America profit soars on Wall Street revival
Bank of America's fourth-quarter profit more than doubled as it benefitted from a Wall Street dealmaking revival that also lifted results at its rivals.
Bank of America’s Profit More Than Doubles, Tops Wall Street Forecasts
Bank of America made $6.7 billion of profit in the fourth quarter of 2024, more than doubling earnings from a year earlier and beating analysts’ estimates of $6 billion. The second-largest U.S. lender by assets posted per-share earnings of 82 cents,
Citi Stock Gains. Wall Street Is Falling in Love Again.
The bank’s fourth-quarter earnings are due on Jan. 15, a chance for the chief executive and her team to update investors on ...
CCN on MSN1d
Wall Street Banks Report Strong Q4 Results Amid Economic Resilience and Policy Uncertainty
Morgan Stanley, Goldman Sachs, Bank of America, Citi, Wells Fargo, and JPMorgan Chase all reported strong fourth-quarter ...
Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
Citigroup cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time ...
Wall Street banks JP Morgan, Goldman Sachs post fat profits amid Trump ‘bump’
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on ...
The Financial Times10d
Wall Street doubts Citi chief Jane Fraser can hit crucial target
Despite Citi lagging behind its rivals on return to tangible equity, about 70 per cent of Wall Street analysts have assigned the bank a “buy” rating. “The outcomes for Jane are about as wide ...
City A.M.3d
Wall Street banks JP Morgan, Citi and Goldman Sachs report bumper profit
Some of Wall Street’s biggest banks reported a surge ... stronger performance in our businesses,” said Jane Fraser, Citi’s chief executive, in a statement. “Our net income was up nearly ...
The Victoria Advocate3d
US bank profits rise as Wall Street hopes for merger boom
All four banks rose on Wall Street. At mid-morning, JPMorgan was up 0.8 percent, Goldman Sachs 5.9 percent, Citi 6.2 percent and Wells Fargo 5.2 percent.
Stock market today: Wall Street finishes its best week since Trump’s election with a rally
SLB helped lead the market after the provider of services to oilfields delivered bigger profit and revenue for the end of ...