Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs post beats, and Citi swings to a profit
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
Wells Fargo stock soars to all-time high of $78.14
In a remarkable display of resilience and growth, Wells Fargo (NYSE:WFC) & Co. shares have surged to an all-time high, reaching a price level of $78.14. This milestone underscores a significant period of bullish momentum for the banking giant,

Wells Fargo Hires New Head of Cards

Wells Fargo appoints new head of Cards and Merchant Services
Wells Fargo Hires JPMorgan Executive as Head of Cards and Merchant Services
Wells Fargo Hires New Head of Cards From JPMorgan
Wells Fargo has hired JPMorgan Chase's former president of branded cards to lead its cards business. The bank said Tuesday that Ed Olebe has been named head of cards and merchant services, effective immediately.
Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.
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,
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Chase, Wells Fargo among banks offering 90-day grace period on mortgages to LA wildfire victims
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.
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7 takeaways from Q4 earnings at JPMorgan, Goldman and more
JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”
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Wells Fargo, Citi, Goldman, JPMorgan stocks gaining on earnings
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 ...
Wells Fargo's Fourth-Quarter Profit Tops Estimates
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,
Everything to Know About Big Banks Earnings
Among the S&P 500’s eleven sectors, Financials are expected to report the highest year-over-year earnings growth at nearly 40 percent, according to FactSet. Banks make up so much of that gain that if they were excluded from the sector, that figure would fall to 11 percent.
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Wells Fargo Active Cash® Card Review 2025: Unlimited 2% Cash Rewards, $0 Annual Fee
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 the purchase is made and 1% when the balance is ...
Citi Shares Jump on Earnings Beat, Stock Buyback Plan
Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the first quarter of 2025, helping to trigger a surge in the share price. CFO Mark Mason said the planned buyback reflects confidence in the bank’s strategy.
Wells Fargo's wealth and investment management revenue up 8%
Wells Fargo's wealth and investment management segment's revenue rose 8% in the fourth quarter to $3.958 billion. Net interest income at the segment was down 6%, as deposit costs rose due to increasing pricing on sweep deposits in advisory brokerage accounts.