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.

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

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.

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

Goldman Sachs and JPMorgan Chase kicked off bank earnings season with blowout results. Here's what it could mean for hiring across Wall Street.

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

Citi (C), 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 ...