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.

Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12.8 billion for the same period last year. The bank said net interest income declined due to the impact of lower rates on floating rate assets and lower loan balances.

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 ...

Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC ... That's a big improvement over year-ago quarter, when Citi posted a loss of $1.16 a share amid its restructuring efforts.

Goldman Sachs Group Inc. Capital flowed into debt issued by JPMorgan Chase & Co., Citigroup Inc., Wells Fargo ... the bank is fairly insulated. Mason said on a call with reporters that Citi ...

Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC ... That's a big improvement over year-ago quarter, when Citi posted a loss of $1.16 a share amid its restructuring efforts.

The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.

Wells Fargo is out with its fourth-quarter results. Here are the highlights: Net income rose 47% to $5.08 billion. That amounted to $1.43 a share, above what analysts polled by FactSet expected. Revenue was down slightly at $20.

TipRanks’ analyst ranking service reveals the top 10 U.S. analysts whose ratings were the most successful between October 2023 to September 2024.

Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.

Fortinet (NASDAQ:FTNT – Get Free Report) had its price objective increased by research analysts at Citigroup from $100.00 to $101.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock.