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Wells Fargo got a boost of $943m from the sale of its corporate trust and asset management businesses

Wells Fargo Q4 profit rises on asset sales boost

Wells Fargo & Co has today beaten analysts' estimates for fourth-quarter profit as a rebound in US economic growth encouraged more customers to take loans and the bank kept a tight lid on costs.

Business • 14 Jan 22

A weaker performance at the bank's trading arm took the shine off a boom in investment banking

JPMorgan's Q4 profit falls on trading slowdown

JPMorgan Chase & Co reported a fall in fourth-quarter earnings today as a weaker performance at its trading arm took the shine off a boom in investment banking.

Business • 14 Jan 22

Net earnings applicable to common shareholders rose to $5.28 billion in the quarter ended 30 September, from $3.23 billion a year ago

Goldman Sachs posts bumper profit

Goldman Sachs Group reported a 66% surge in third-quarter earnings that swept past expectations on Friday, as Wall Street's biggest investment bank rode a record wave of M&A activity that has boosted profit at other large US banks too.

Business • 15 Oct 21

Citi said that cards purchase sales rose 20% as consumer spending picked up during the quarter

Citigroup posts 48% jump in profit on reserve release

Citigroup has reported a 48% jump in third-quarter profit that comfortably beat market estimates, as the bank released loan loss reserves and reaped a windfall of fees from equity underwriting and investment banking advice.

Business • 14 Oct 21

Morgan Stanley was bolstered by gains from record levels of dealmaking in the third quarter of the year

Morgan Stanley Q3 profit jumps on dealmaking boom

Morgan Stanley has today posted a bigger third-quarter profit than expected, bolstered by gains from record levels of dealmaking.

Business • 14 Oct 21

Bank of America had set aside tens of billions of dollars last year to cover possible loan defaults

Bank of America profit beats on boost from lending

Bank of America beat estimates for third-quarter profit today, boosted by strong growth across its businesses and a release of reserves it had set aside last year to cover bad loans.

Business • 14 Oct 21

Wells Fargo said its total revenue rose 11% to $20.27 billion in the second quarter of 2021

Wells Fargo beats estimates on reserve release boost

Wells Fargo beats profit estimates on reserve release boost

Business • 14 Jul 21

The US economic recovery has allowed Citigroup to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending

Citigroup profit beats estimates on reserve release

Citigroup has today comfortably beaten market estimates for second-quarter profit as the economic recovery allowed the bank to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending.

Business • 14 Jul 21

Bank of America said its second quarter profits jumped by 173%

Bank of America profit surges on reserve release

Bank of America has today reported a 173% jump in second-quarter profit as it released reserves it had set aside last year at the height of the pandemic, but revenues remained weak and the bank flagged high expenses.

Business • 14 Jul 21

Goldman Sachs results were boosted by a favourable comparison to a year ago when it had set aside more funds to cover potential corporate loan losses due to Covid

Goldman Sachs profit soars on global dealmaking frenzy

Goldman Sachs Group has today reported a surge in second-quarter profit as Wall Street's biggest investment bank cashed in on record global dealmaking activity.

Business • 13 Jul 21

JP Morgan Chase & co released more reserves it had set aside last year for potential pandemic-related loan defaults

JPMorgan profit surges on investment banking boost

JPMorgan Chase & Co has today reported a 155% jump in profit thanks to the release of loss reserves and a surge in dealmaking.

Business • 13 Jul 21

Morgan Stanley is one of Wall Street's premier investment banks

Morgan Stanley profit beats estimates on dealmaking

Morgan Stanley has today disclosed an almost $1 billion loss from the collapse of private fund Archegos, muddying a 150% jump in first-quarter profit that was powered by a boom in trading and deal-making.

Business • 16 Apr 21

Citigroup said its net income tripled to $7.94 billion, or $3.62 per share, from $2.54 billion, or $1.06 per share, a year ago

Citigroup profit triples on $3.85bn reserve release

Citigroup has today trounced analysts' first-quarter profit estimates as its outlook for an economic recovery driven by vaccinations and government stimulus allowed it to release reserves set aside for loan losses from the pandemic.

Business • 15 Apr 21

Bank of America is the second-largest US bank by assets

Bank of America's Q1 profit more than doubles

Bank of America's profit more than doubled in the first quarter and topped Wall Street estimates as it released reserves it had set aside to cover potential coronavirus loan losses.

Business • 15 Apr 21

Wells Fargo is the fourth largest US lender

Wells Fargo commits less funds for bad loans

Wells Fargo & Co has today reported a strong rebound in first-quarter profit as the bank set aside less money to cover soured loans.

Business • 14 Apr 21

Goldman Sachs said its first quarter earnings per share rose to $18.60 from $3.11 a year earlier

Goldman Sachs profit jumps on record global dealmaking

Goldman Sachs Group has today reported a massive jump in first-quarter profit, as Wall Street's biggest investment bank capitalised on record levels of global dealmaking activity.

Business • 14 Apr 21

JPMorgan Chase & Co is widely seen as a barometer of the health of the broader US economy

JPMorgan profit soars on trading, investment bank boost

JPMorgan Chase & Co has reported substantially higher first-quarter earnings, as the largest US bank released more reserves and was aided by a blowout quarter from its trading desks and soaring investment banking fees.

Business • 14 Apr 21

Morgan Stanley said its net revenue rose to $13.64 billion in the fourth quarter, from $10.86 billion last year

Morgan Stanley profit surges on trading strength

Morgan Stanley's profits surged in the fourth quarter, racing past estimates as the Wall Street bank's trading business benefited from coronavirus-induced volatility in financial markets.

Business • 20 Jan 21

Goldman Sachs Group has reported a 153% jump in fourth-quarter profit

Goldman Sachs profit surges past estimates

Goldman Sachs Group today dwarfed estimates with a 153% jump in fourth-quarter profit, powered by another strong performance at its core bond trading and underwriting business and an uptick in merger and acquisition activity.

Business • 19 Jan 21

Bank of America reported a 13% fall in consumer banking revenue to $8.2 billion, citing a hit from lower interest rates

Bank of America points to economic recovery

Bank of America posted a drop in fourth-quarter profit today that still topped Wall Street expectations and pointed to signs of an economic recovery as the pace of consumer spending gathers steam.

Business • 19 Jan 21

Wells Fargo said its costs associated with bad loans decreased by $823m compared to last year

Wells Fargo profit beats estimates as credit costs fall

Wells Fargo has reported a quarterly profit that beat Wall Street estimates, as stabilising credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the Covid-19 pandemic.

Business • 15 Jan 21

The bank's net income rose to $12.1 billion in the quarter ended December 31, from $8.5 billion a year earlier

JPMorgan Q4 profit jumps on investment banking strength

JPMorgan Chase & Co has today reported a higher fourth-quarter profit, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest US bank's lending business.

Business • 15 Jan 21

Morgan Stanley said its earnings per share rose to $1.66 from $1.27 a year ago

Morgan Stanley's quarterly profit beats estimates

Morgan Stanley eased past Wall Street estimates for profit today, wrapping up mixed third-quarter earnings for big US banks that saw those focused on trading clocking big gains while retail banks took a hit from the pandemic.

Business • 15 Oct 20

Goldman Sachs' profits were driven by a resurgence in deal-making and continued strength in its trading and underwriting businesses

Goldman Sachs profit nearly doubles on trading surge

Goldman Sachs Group has today reported a 94% rise in quarterly profit, driven by a resurgence in deal-making and continued strength in its trading and underwriting businesses.

Business • 14 Oct 20

Bank of America, the second largest US bank by assets, has set aside $1.4 billion as reserves to cover loan losses

Bank of America's profit falls on higher provisions

Bank of America has today reported a 15.8% drop in quarterly profit, hit by higher provisions for credit losses and a slump in performance in three of its four chief segments.

Business • 14 Oct 20

Us Banks

Wells Fargo Q4 profit rises on asset sales boost

JPMorgan's Q4 profit falls on trading slowdown

Goldman Sachs posts bumper profit

Citigroup posts 48% jump in profit on reserve release

Morgan Stanley Q3 profit jumps on dealmaking boom

Bank of America profit beats on boost from lending

Wells Fargo beats estimates on reserve release boost

Citigroup profit beats estimates on reserve release

Bank of America profit surges on reserve release

Goldman Sachs profit soars on global dealmaking frenzy

JPMorgan profit surges on investment banking boost

Morgan Stanley profit beats estimates on dealmaking

Citigroup profit triples on $3.85bn reserve release

Bank of America's Q1 profit more than doubles

Wells Fargo commits less funds for bad loans

Goldman Sachs profit jumps on record global dealmaking

JPMorgan profit soars on trading, investment bank boost

Morgan Stanley profit surges on trading strength

Goldman Sachs profit surges past estimates

Bank of America points to economic recovery

Wells Fargo profit beats estimates as credit costs fall

JPMorgan Q4 profit jumps on investment banking strength

Morgan Stanley's quarterly profit beats estimates

Goldman Sachs profit nearly doubles on trading surge

Bank of America's profit falls on higher provisions