David Solomon has refocused Goldman on its core skills, while Jane Fraser is still struggling to get Citi into shape.

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.

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.

Some of Wall Street’s biggest banks reported a surge in profit today on the back of a rebound in dealmaking and strengthening equity markets toward the end of last year. JPMorgan Chase, the US’s biggest lender,

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

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

Goldman Sachs Group Inc.'s Chief Executive David Solomon said he's "pleased" with the bank's "strong" results after the investment bank handily topped Wall Street estimates for its fourth-quarter profit.

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

Major US banks officially open earnings season with record numbers that beat analysts' expectations. Stocks rise sharply

Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.

Investors have two big themes to consider today: bank earnings and inflation. Citi, Goldman Sachs, JPMorgan and Wells Fargo are all set to report results before the bell. Investors hope fourth ...