The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.

The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.

But the grand machinery keeping Wall Street moving is just picking up steam. That's because, deterred by regulatory uncertainty and higher borrowing costs, U.S. corporations have mostly sat on the sidelines in recent years when it came to buying competitors or selling themselves.

Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,

JPMorgan Chase asked its employees who are on hybrid work schedules to return to the office five days a week starting in March, an internal memo seen by Reuters on Friday showed. Financial companies have been aggressive in enforcing return-to-office demands, with many staff being called back as early as 2021.

Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street revival that has dealmakers optimistic about the coming Trump era in 2025. Strong investment banking and trading results also helped push profits higher at other big banks in the fourth quarter,

Morgan Stanley raised the firm’s price target on JPMorgan (JPM) to $273 from $265 and keeps an Equal Weight rating on the shares. Q4 EPS beat

The biggest banks in the U.S. are expected to report this week that they drove far higher profits in the fourth quarter than they did a year ago, thanks to solid consumer spending, higher stock prices and trading activity,

Jamie Dimon's "hit by the bus" heir, Daniel Pinto, is retiring. The incoming chief operating officer, Jennifer Piepszak, doesn't want the CEO role.

There’s a lesson here for long-term leaders: When the time comes, let go. James Gorman at Morgan Stanley has definitely learned it; Jamie Dimon and the board of JPMorgan Chase & Co. should reflect on it over the next couple of years.

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 analyst Gerard Cassidy joins Seana Smith and Brad Smith to discuss what investors can expect from Big Bank earnings.

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 ...