It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

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

The stock market was having a strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) higher by 1.6% and 1.9% as of 10 a.m. ET. In fact, Wells Fargo (NYSE: WFC),

The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have agreed to pay a combined $60 million in civil penalties to settle charges over compliance failures.

Stocks held onto a rally Wednesday as core U.S. consumer price inflation was cooler than expected in December and some of the nation’s largest banks issued better-than-expected quarterly earnings.These stocks were making moves on Wednesday:JPMorgan Chase was up 2% after the largest U.

Goldman Sachs raised the firm’s price target on Wells Fargo (WFC) to $83 from $77 and keeps a Buy rating on the shares. The firm cites the

Exceeding their Q4 top and bottom-line expectations on Wednesday, let's see if it's time to buy stock in these renowned investment firms.

Expectations for a pro-business climate under the incoming Trump administration has lifted the spirits of major bank executives.

The boost, to $39 million for 2024, makes the CEO the best-paid among the top six U.S. banks. Goldman is also tying four executives’ pay, to a degree, to the banks’ efforts connected with private credit.

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.

U.S. stocks were higher, with the Dow Jones index gaining over 650 points on Wednesday. Shares of Citigroup Inc. C rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and announced a $20 billion buyback.

JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.