Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,
Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street revival that has dealmakers optimistic about the coming Trump era in 2025. Strong investment banking and trading results also helped push profits higher at other big banks in the fourth quarter,
Richard Ramsden, an analyst from Goldman Sachs, maintained the Buy rating on Bank of America (BAC – Research Report). The associated price
Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.
Here are some of the major companies whose stocks moved on the week’s news.
The main difference between a bank like Goldman Sachs and Bank of America Co. BAC is that their price actions track different markets. When Goldman Sachs outperforms Bank of America, it means that ...
JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday, while Bank of America (BAC) and Morgan Stanley (MS) release results on Thursday. RBC Capital markets analyst Gerard Cassidy joins Seana Smith and Brad Smith to discuss what investors can expect from Big Bank earnings.
The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
Will Trump’s tariffs sink silver demand? Analysts warn U.S.-China tensions may hit industrial sectors like electronics and solar, key to silver consumption.
Santander has already begun trimming its UK workforce, announcing in October a reduction of 1,400 jobs as part of a cost-saving initiative called “Project Nike”. Should Santander exit UK retail and commercial banking, sources cited by the FT said it would retain its London presence for corporate and investment banking operations.