Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.

Goldman’s net revenues for 2024 were US$53.51bn, up 16% from 2023, and it delivered net earnings of US$13.53bn, up 71%. Its return on tangible equity for the year was 13.5%, helped by an RoTE of 15.5% ...

Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan ...

Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading.

Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North Star." ...

Follow live coverage of Wells Fargo, JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Morgan Stanley, and BlackRock ...

JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.

Goldman Sachs drove $14.28 billion of profit in 2024, up 68% from the year earlier, reflecting gains in investment banking ...

December's CPI data shows core retail disinflation, leading to a market rally and anticipation of Fed rate cuts starting in ...

JPMorgan Chase & Co.’s traders scored their biggest fourth-quarter haul ever, boosted by volatility tied to the U.S. elections in November. Trading revenue at the firm rose 21% from a year earlier, ...

While we acknowledge the potential of GS, our conviction lies in the belief that some AI stocks hold greater promise for ...