JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.
The largest banks in the U.S. may justify further gains in stock prices if their earnings updates in the coming days include any upside surprises around loan growth or a boost from lighter regulations expected by the Trump administration.
Capital flowed into debt issued by JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc. after strong quarterly results from the big banks. Of the four, the most capital flowed into Wells Fargo,
Citi (C), JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday. Bank of America (BAC) and Morgan Stanley (MS) release results on Thursday, as Citizens (CFG ...
Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC ... That's a big improvement over year-ago quarter, when Citi posted a loss of $1.16 a share amid its restructuring efforts.
Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC ... That's a big improvement over year-ago quarter, when Citi posted a loss of $1.16 a share amid its restructuring efforts.
The Providence, Rhode Island-based company launched its private bank in 2023 after a spate of bank failures left holes in the market. "It's not like I'm asking anybody to wait for delayed gratification,
The boost, to $39 million for 2024, makes the CEO the best-paid among the top six U.S. banks. Goldman is also tying four executives’ pay, to a degree, to the banks’ efforts connected with private credit.
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Wall Street looked set to recover after US banks posted impressive earnings, and inflation data was better than expected.