Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.

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

Big banks including JPMorgan Chase and Goldman Sachs start reporting their fourth-quarter earnings today. Here are three things to eye in the results: 1. Revenues from investment banking and trading Donald Trump’s prospective return to the White House sparked hopes of a boom on Wall Street.

Wall Street expects JPMorgan Chase & Co. JPM to report quarterly earnings at $4.04 per share on revenue of $41.56 billion before the opening bell, according to data from Benzinga Pro. JPMorgan shares fell 0.1% to $247.22 in after-hours trading.

JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”

Analysis of JPMorgan Chase and Goldman Sachs Q4 2024 earnings forecasts, including key metrics, analyst expectations and trading implications.

Investors are awaiting earnings from Big Banks earnings this week, watching especially closely for guidance updates. Citi (C), JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday.

JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.

The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.

The list of banks reporting this morning is long. Here's a snapshot of some of the major banking companies issuing earnings: JPMorgan Chase (NYSE: JPM) Wells Fargo (NYSE: WFC)  BlackRock (NYSE: BLK)  Citigroup (NYSE: C)  Goldman Sachs (NYSE: GS) BNY Mellon (NYSE: BK) Let's look at the highlights of each earnings report and how the market is