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.

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 1.38%) was a particular standout, with shares up by as much as 3% on Monday.

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.

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.

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.

There was widespread speculation that President-elect Donald Trump would try to remove ... 10 best stocks for investors to buy now… and Wells Fargo wasn’t one of them. The 10 stocks that ...

U.S. stock indexes are rallying as they head toward the close of their best week in two months. The S&P 500 rose 1.1% Friday. The Dow Jones Industrial Average climbed

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.

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our ...

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.