U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 2% on Wednesday.
Strong IB revenues, along with lower expenses, support GS' Q4 earnings. However, a rise in provisions remains a near-term concern.
Easing inflation boosts US stock markets. Tesla jumps 5%, Goldman Sachs rises 4.9%.
The stock market was having a strong day on Wednesday, with the S&P 500 (^GSPC 1.34%) and Nasdaq Composite (^IXIC 1.81%) higher by 1.6% and 1.9% as of 10 a.m. ET. But the big bank stocks are leading t
Gerard Cassidy, RBC Capital Markets analyst, joins 'Squawk on the Street' to discuss the latest bank earnings results.

Big banks shine in Q4, but risks loom ahead

11:26am, Wednesday, 15'th Jan 2025
Big banks like JP Morgan (JPM), Citigroup (C), Goldman Sachs (GS), and Wells Fargo (WFC) reported strong profits in quarter four, ignited by a rebound in dealmaking and investment banking. Chris Whale
"There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election," Goldman Sachs CEO David Solomon said, according to a transcript from FactSet. Donald Tru
Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.
The first earnings season of 2025 is kicking off, and as always, the financial sector leads investors into the first round of action this week. While banking stocks aren't that exciting to most, the
The headline numbers for Goldman (GS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimat
The revival of the IB business on the back of clarity on the macroeconomic backdrop and solid trading performance will aid the Zacks Investment Bank industry players like Morgan Stanley MS), Goldman (
Goldman Sachs (GS) came out with quarterly earnings of $11.95 per share, beating the Zacks Consensus Estimate of $8.07 per share. This compares to earnings of $5.48 per share a year ago.
Interest rate cuts that made it cheaper to borrow money, prompting more mergers and acquisitions in 2024.

Goldman Sachs Surges Past Q4 Forecasts

08:45am, Wednesday, 15'th Jan 2025
Global financial services giant Goldman Sachs (GS 1.52%) reported strong fourth-quarter and full-year earnings on Wednesday, Jan. 15, topping analyst estimates for the quarter. The company's Q4 EPS cl
Goldman Sachs saw fourth-quarter profits more than double to $4.1 billion as its equity traders delivered their best year on record. Sonali Basak reports on Bloomberg Television.
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