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At close: December 20 at 9:51:49 AM EST

The Score: Goldman Sachs, Nvidia, UnitedHealth and More Stocks That Defined the Week

MARKETS MAIN The Score is a weekly review of the biggest stock moves and the news that drove them. Goldman Sachs A rebound on Wall Street fueled surging profits at banking giants last quarter. On Wednesday, Goldman Sachs JPMorgan Wells Fargo and Citigroup all posted profits that were better than expected.

The Wall Street Journal 3 hours ago

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Goldman Sachs Gives Solomon $80 Million to Stay

Retention bonus and big pay raise quell any remaining questions about the CEO’s ability to stay in place

The Wall Street Journal 4 hours ago

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JPM
TD Bank CEO to Step Down Earlier Than Planned

The company is speeding up its change in top leadership, with Bharat Masrani leaving the post two months earlier than planned.

The Wall Street Journal 8 hours ago

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MS
'This is just the beginning' for bank profit growth: CFRA analyst

The financials sector is showcasing a strong earnings performance this season, as major banks Bank of America (BAC), Morgan Stanley (MS), Citigroup (C), JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) reported a combined 19% increase in net income for 2024. CFRA Research Director of Global Fundamental Research Ken Leon joins Market Domination to offer his analysis on the banking industry’s outlook. “With a US economy growing 2.5%, there's two sides of what gets you to net interest income. One is rates, which maybe we'll say stays or goes, [and] one cut," Leon explains. He states the "volumes off of a US economy growing [at] 2.5% is very positive." Additionally, Leon examines how regulatory changes, particularly under a pro-business Trump administration, could further benefit banks. "We have new actors in important roles, not only at the [Federal Reserve] but across all the organizations, whether it's the FDIC [Federal Deposit Insurance Corporation], the Department of Justice, the FTC [Federal Trade Commission]," Leon notes. He believes this will "open up markets" and will allow the country to see a "pro-business, pro-economy" environment the nation hasn't seen in four years. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch

Yahoo Finance Video yesterday

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Bonds That Once Haunted Banks Are Now Juicing Profits

Banks are expecting a bump to their core banking income as older, lower-yielding bonds mature and can be reinvested at today’s far higher yields.

The Wall Street Journal yesterday

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JPM

BAC
Four Things That Helped Banks Haul in Huge Profits in 2024

How lenders managed to rake in more than investors expected in a year when interest rates started falling and Donald Trump was elected president.

The Wall Street Journal yesterday

C

JPM

BAC
BofA and Morgan Stanley profits double, 2025 Big Bank trends

Profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled in the fourth quarter, signaling a strong 2024 for Big Banks. Stephen Biggar, director of financial services research at Argus Research, joins Catalysts to share his insights on these earnings report and discuss what they may signal for the year ahead. "The global banks are kind of the stars in the banking universe right now, in terms of earnings," Biggar says. He highlights a big resurgence in investment banking, particularly within M&A activity, debt underwriting, and a "little bit in the IPO side." Biggar adds, "Trading results were a little bit down from the third quarter, but still strong year over year." Biggar also discusses the push into private credit, as banks such as Goldman Sachs (GS), Citi Group (C), and Wells Fargo (WFC) shift focus to alternatives amid weak lending in other sectors. Watch the video above to hear Biggar's top bank picks and detailed insights on how these trends will shape the future of banking. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch

Yahoo Finance Video yesterday

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Bank of America and Morgan Stanley cement a Wall Street revival

Fourth-quarter profits at Bank of America and Morgan Stanley more than doubled as both benefitted from a Wall Street dealmaking revival that also lifted results at their rivals.

Yahoo Finance yesterday

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Big banks enter the Trump era on a high note: Morning Brief

For the nation's biggest lenders a second Trump term can lead to profits no matter what the Fed does to interest rates.

Yahoo Finance yesterday

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GS

JPM
Inflation Ticks Up to 2.9%, but Underlying Price Gains Are Muted

Markets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve still isn’t likely to cut interest rates anytime soon given President-elect Donald Trump’s plans for the economy. The overall consumer-price index came in relatively hot, rising 2.9% over the year, the Labor Department said Wednesday. The index rose 0.4% from the previous month, driven by a 4.4% jump in gas prices.

The Wall Street Journal 2 days ago

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JPMorganChase Declares Preferred Stock Dividends

NEW YORK, January 15, 2025--JPMorgan Chase & Co. (NYSE: JPM) ("JPMorganChase" or the "Firm") has declared dividends on the outstanding shares of the Firm’s Series DD, EE, GG, JJ, KK, LL, MM and NN preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news.

Business Wire 2 days ago

JPM
Nasdaq surges by over 2.4% after December CPI lifts stocks

US stocks (^DJI, ^IXIC, ^GSPC) close out the trading day with a bang, surging higher after December's Consumer Price Index (CPI) saw core inflation (which excludes food and energy costs) to be cooling. The Nasdaq Composite shot up by a whopping 2.45% — or 466 — followed by the S&P 500 jumping by over 1.8%. Market Domination Overtime host Julie Hyman compares the positive action for equities with the declines in bond yields (^TYX, ^TNX, ^FVX), while also turning her attention to the Russell 2000 small-cap index (^RUT) and Big Bank earnings. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

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Goldman Sachs, JPMorgan Crush Views In Slew Of Bank Earnings

Big banks kick off Q4 results with Goldman Sachs, JPMorgan Chase, Wells Fargo, BlackRock, Citi reporting. Some names are basing.

Investor's Business Daily 2 days ago

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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 strong quarterly results. JPMorgan has touted record full-year profits of $58 billion in 2024. Market Domination Co-Hosts Julie Hyman and Josh Lipton outline the Big Banks' earnings results and stock moves. JPMorgan CEO Jamie Dimon has commented on the "significant risks" he is seeing in the US economy, while also addressing succession speculations and stating that the "base case" for his retirement is still years away. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 days ago

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JPMorgan Chase and Goldman Sachs Post Surging Profits

Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.

The Wall Street Journal 2 days ago

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How the LA wildfires may hit Big Bank earnings in 2025

Howard Capital Management CEO and CIO Vance Howard joins Wealth host Brad Smith to discuss his earnings outlook amid the Los Angeles wildfires. Howard warns that the Southern California fires could trigger bank defaults, potentially impacting earnings. "I don't think people have calculated that in yet because it just happened over the past three or four or five days," he explains. He advocates "patience" with bank stocks, noting that if defaults increase, earnings could be affected through the third and fourth quarters. With nearly 12,000 homes lost in Los Angeles, Howard predicts some homeowners may walk away from their mortgage obligations. "That's something to think about," he comments. JPMorgan Chase (JPM) touted record annual profits of $58 billion for 2024 in its latest earnings results. Looking beyond the banking sector, Howard identifies Salesforce (CRM) as a potential outperformer for 2025. Follow along Yahoo Finance's recent coverage of the Southern California forest fires and the insurance industry: Wildfire recovery must address insurance: Rep. Mike FloodSouthern California Edison parent's stock falls amid investigation, lawsuit over alleged role in LA wildfiresCalifornia fires spark insurance crisis, projected losses of $150BInsurance stocks tumble as LA blazes 'among the most costly wildfires' in California historyCalifornia homeowners insurance market tested as fires rageThe risk landscape for insurance in 2025: AXIS CEO talks coverageKey insurance advice amid Southern California wildfires To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

Yahoo Finance Video 2 days ago

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A Good Year for Wall Street Isn’t the Same Thing as a Good Year for Banking

JPMorgan Chase is forecasting a slight decline in its core net interest income, which excludes the more volatile markets unit, from about $92 billion in 2024 to roughly $90 billion in 2025. Wells Fargo said it is anticipating 1% to 3% net interest income growth—with a portion of that driven by some more mechanical factors, such as older investments maturing and being reinvested at higher rates.

The Wall Street Journal 2 days ago

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JPMorgan CEO Jamie Dimon comments on succession, economic risks

In recent comments, JPMorgan Chase & Co. (JPM) CEO Jamie Dimon has stated that his "base case" for stepping away as chief executive is still several years away. The major bank touts record annual profits of $58 billion for 2024 in its latest earnings results. Catalysts host Seana Smith reports more on the topic of Dimon's possible succession plan and his latest statements about the "significant risks" he sees in the US economy. Watch Yahoo Finance interview Puck founding partner William D. Cohan about the prospects of Dimon's eventual retirement after COO Daniel Pinto announced his plans to step down at the end of 2025. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

JPM
Jamie Dimon's 'base case' for stepping down as JPMorgan CEO is a few years from now

Jamie Dimon agreed Wednesday with an analyst's assessment that his "base case" for stepping down as JPMorgan Chase CEO is a few years from now.

Yahoo Finance 2 days ago

JPM
Big Bank earnings, Tesla, quantum stocks surge: Market Minute

Yahoo Finance host Rachelle Akuffo outlines three of this morning's trending stocks on today's Market Minute. Stocks rose after cooler-than-expected core CPI (Consumer Price Index) reported for December, while Big Bank earnings, including JPMorgan Chase's (JPM) record profits, boost the Dow Jones Industrial Average (^DJI). Tesla (TSLA) plans a three-week production pause in its Shanghai Gigafactory for the Chinese New Year. Quantum computing stocks, like Rigetti Computing (RGTI) and D-Wave Quantum (QBTS), are surging as Microsoft (MSFT) unveils its "Quantum Ready" program for businesses in 2025. Check out Yahoo Finance Executive Editor Brian Sozzi's full interview with Rigetti Computing CEO Subodh Kulkarni from this morning's episode of Opening Bid. D-Wave Quantum (QBTS) CEO Alan Baratz also sat down with Yahoo Finance this week to discuss the company's practical uses of quantum computing. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch

Yahoo Finance Video 2 days ago

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JPMorgan Chase & Co. (JPM.CL)

The Score: Goldman Sachs, Nvidia, UnitedHealth and More Stocks That Defined the Week

Goldman Sachs Gives Solomon $80 Million to Stay

TD Bank CEO to Step Down Earlier Than Planned

'This is just the beginning' for bank profit growth: CFRA analyst

Bonds That Once Haunted Banks Are Now Juicing Profits

Four Things That Helped Banks Haul in Huge Profits in 2024

BofA and Morgan Stanley profits double, 2025 Big Bank trends

Bank of America and Morgan Stanley cement a Wall Street revival

Big banks enter the Trump era on a high note: Morning Brief

Inflation Ticks Up to 2.9%, but Underlying Price Gains Are Muted

JPMorganChase Declares Preferred Stock Dividends

Nasdaq surges by over 2.4% after December CPI lifts stocks

Goldman Sachs, JPMorgan Crush Views In Slew Of Bank Earnings

Wells Fargo, Citi, Goldman, JPMorgan stocks gaining on earnings

JPMorgan Chase and Goldman Sachs Post Surging Profits

How the LA wildfires may hit Big Bank earnings in 2025

A Good Year for Wall Street Isn’t the Same Thing as a Good Year for Banking

JPMorgan CEO Jamie Dimon comments on succession, economic risks

Jamie Dimon's 'base case' for stepping down as JPMorgan CEO is a few years from now

Big Bank earnings, Tesla, quantum stocks surge: Market Minute