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Bank Of America, Wells Fargo Report Profit Surge As Trading Activity Powers Results

by The Wealth Advisor Contributor
Banking giants Bank of America and Wells Fargo both reported Wednesday morning that their fourth quarter and full-year profits rose from a year ago.

Featured

Ned Davis Distills Political Angst Into ‘Big MAC’ Equity Trade

Wall Street loves few things more than a good acronym to describe a trading thesis. Think FANG, FOMO/YOLO and TACO.

Growing Number Of Options Traders See No Fed Cuts In 2026

Traders focused on options are increasingly pricing out expectations for any Federal Reserve interest rate cuts in 2026.

King Charles Moves To Reclaim Royal Lodge, Ending £30 Million Inheritance Path For Andrew’s Daughters

King Charles III has moved to reclaim Royal Lodge in Windsor Great Park from his brother Prince Andrew.

Recent

The Trust Advisor

Gene Hackman’s $80 Million Estate in Turmoil

The estates for late actor Gene Hackman and his wife, Betsy Arakawa, are being hit with creditors’ claims over alleged debt the couple left behind.

Companies

JPMorgan Gets a Dealmaking Boost as Wall Street Recovered From Tariff Tumult

Q2 earnings at JPMorgan Chase were better than expected, as a boost in dealmaking demonstrated how Wall Street recovered from the spring freeze.

News

Morgan Stanley, Goldman to Settle Lawsuit Over Archegos Trades

ViacomCBS investors who sued Morgan Stanley, Goldman Sachs Group and Wells Fargo asked judge for final approval of a $120M settlement with the banks.

AUM Growth Tactics

BlackRock's Assets Hit Record $12.53 Trillion on Second-Quarter Market Rally

BlackRock's assets under management hit new high in second quarter as global markets rallied on the prospect of trade deals and interest-rate cuts.

  • More Articles

Popular

The Trust Advisor

Microsoft Founder Bill Gates' Billion Dollar Divorce Payout To Ex-Wife Melinda Finally Revealed

Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

The Trust Advisor

I Asked ChatGPT How To Make My Estate ‘Drama-Proof’ For My Heirs In 2026 — Here’s Its 12-Month Checklist

Washington Wire

Jamie Dimon Backs Fed Chair Powell Amid DOJ Probe: 'Everyone We Know Believes In Fed Independence'

Washington Wire

Republican Sen. Thom Tillis Vows To Block Trump’s Fed Nominees Following Powell Probe

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