JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.

Four of Canada’s biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.

When President-elect Donald Trump recently floated the idea of annexing Canada, a key reason he gave was a claim that the United States was “losing $200 billion a year” to its northern neighbor.

The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST. However, the financial sector was performing significantly better, especially when it comes to the big banks. Wells Fargo ( WFC -0.61%) was a particular standout, with shares up by as much as 3% on Monday.

Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.

Consumer prices rose 2.9% in December from a year earlier, marking the third consecutive monthly uptick in annual inflation.

Inauguration Day is not considered a federal holiday, meaning businesses, delivery companies, federal and state courts and banks are under no federal obligation to close on January 20 due to the swearing-in of the incoming president. But, this year, Inaugaration Day lines up with MLK Day.

Banks were among Wednesday’s biggest gainers after several of Wall Street’s biggest lenders posted big rises in quarterly profits, driven by strength in investment banking and trading. Citigroup, Goldman Sachs and Wells Fargo all jumped about 6 per cent.

Nvidia pushes back on new artificial-intelligence regulations, Tesla stock trades lower, and Intra-Cellular Therapies is being acquired by Johnson & Johnson for nearly $15 billion.

As people prepare to celebrate Rev. Martin Luther King Jr.'s legacy, here’s what to know about what’s open and closed on MLK Day in Oregon.

Investment banking fees up 59% in fourth quarter Bank expects interest income to increase in 2025 Shares up 6% in mid-day trading Jan 15 (Reuters) - Wells ... elect Donald Trump's incoming ...

JPMorgan Chase & Co, Wells Fargo, Citigroup and Goldman Sachs edged up in light premarket trading, ahead of their quarterly earnings reports, due before markets open. In 2024, the banking index logged its biggest annual jump since 2019,