Banks will be shutting down on January 20, Inauguration Day, because of the Martin Luther King Jr. Day holiday.

JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.

Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.

Wells Fargo, which joins JPMorgan in kicking off the Q4 earnings season for the Finance sector on Wednesday, January 15 th, is barely in positive territory since election day, while Citigroup, which also reports the same day, has outperformed both of its peers.

In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on Citigroup (C – Research Report). The company’s shares

U.S. bank Wells Fargo named JPMorgan Chase executive Ed Olebe as its new head of cards and merchant services on Tuesday, effective immediately. Olebe, who joined JPMorgan in 2016, succeeds Ray Fischer,

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The pair preach teamwork as the banking giant plunges further into different aspects of a housing market in desperate need of the stuff.

The American economy has entered 2025 with a strong head of steam,” Wells Fargo economists said. That's not necessarily a good thing for borrowers, who are waiting for the next Fed rate cut.

The United States is paying tribute to Dr. Martin Luther King Jr's legacy the same day a new president was inaugurated.