October 15, 2024

Wall Street Banks Go 3-for-3 with Earnings Beats

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Three of Wall Street’s biggest and best-known banks reported third-quarter earnings this morning–and all three have outperformed analysts’ expectations.

Goldman Sachs’ stock hit a record high Monday and is up another 3.4% in premarket trading after the bank’s quarterly profit jumped 45% from a year ago. Bank of America and Citigroup are also racking up gains.

Wealth management firm Charles Schwab is joining the party, too. Its results showed client assets soared 27% from a year ago to a record $9.92 trillion last quarter, sending shares 9.3% higher ahead of the opening bell.

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