From Investing.com:

The fourth-quarter earnings season for major U.S. banks has officially started. JPMorgan shares rose following results, while Bank of America shares declined. BlackRock’s total assets have surpassed the $10 trillion mark. JPMorgan has had a profitable year and expects this lucrative trend to extend into the current year. Bank of America’s results fell short of expectations, and the bank may face some headwinds. Wells Fargo experienced higher-than-expected fourth-quarter costs. Citigroup missed analyst estimates for Q4 revenue but plans to cut 20,000 jobs. BlackRock witnessed an uptick in client activity during the fourth quarter, propelling its total assets under management beyond $10 trillion.



Read more: JPMorgan rises on strong outlook, BofA drops on revenue miss By Investing.com