One JPM worker, who has been with the bank for several years, said everyone on their team got a 2% raise. (The five employees Fortune spoke with for this story did not want their

Activity on Wall Street helped buoy the bank’s fourth-quarter earnings.

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.

This article will look at how JPM’s premium valuation impacts its quant rating and where it stands compared to fintech and banking industry disruptor OppFi.

President Donald Trump’s “drill, baby, drill” call for a resurgence in United States oil production will be frustrated by the reluctance of Wall Street to

Kevin Willsey, JPMorgan Chase’s global chair of investment banking, is retiring after over 30 years. He led the bank to become the top equity underwriter in 2008 and 2009 and was appointed global chair in 2013.

The only danger, from Wall Street’s perspective, is that the Trump team’s MAGA instincts and chaotic approach prevent a deregulatory boom. One appointment is emblematic of the coming shift. Gary Gensler,

US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.

The company's annual profit of $58B was driven largely by a surge in its Wall Street operations as dealmaking returned to the industry after a two-year drought. Investment banking revenue rose 49 percent, while trading revenue rose 21 percent, helped by stronger credit trading in emerging markets.

Shares of JPMorgan Chase (NYSE: JPM) are up a fantastic 55% over the past year, strongly outperforming the S&P 500 index's 26% gain. The banking giant has successfully leveraged a resilient economic backdrop into a record year for profitability.

Traders at JPMorgan Chase, for instance, have never had a better fourth quarter after seeing revenue surge 21% to $7 billion, while Goldman Sachs’ equities business generated $13.4 billion for the full year — also a record. For Wall Street ...

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,