Goldman Sachs ( GS 6.02%), and Citigroup ( C 6.49%) were all higher by 5% or more for the day. There are two main reasons why these bank stocks are soaring. First, bank stocks kicked off fourth-quarter 2024's earnings season on Wednesday,
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
According to Gov. Gavin Newsom's office, Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo are offering a 90-day forbearance of their mortgage payments, without reporting the payments to credit reporting agencies.
JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”
Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A year earlier, the bank reported profit of 86 cents a share. Net interest income, a key metric for banks, fell 7% to $11.8 ...
Big Bank stocks are rising on Wednesday after releasing their fourth quarter earnings, with JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS) gaining after reporting ...
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car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25, giving it an advantage over the Wells Fargo Reflect® Card. Double Cash card rewards can be redeemed for statement ...
The Citi Double Cash® Card is similar to the Wells Fargo Active Cash® Card with no annual fee and earning 2% cash back on all purchases—1% when purchases are made and another 1% when they’re ...
JPMorgan Chase, Citi, Bank of America, U.S. Bank and Wells Fargo postpone payments for damaged or destroyed homes.
Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12.8 billion for the same period last year. The bank said net interest income declined due to the impact of lower rates on floating ...
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.