Citigroup, Wells Fargo, and JPMorgan Chase saw growth in wealth-management units due to higher equity-market valuations. Wells Fargo’s unit reported a 12% increase in net income to $591 million in the third quarter, with total client assets reaching $2.4 trillion. Executives aim to boost revenue by focusing on banking and lending services for wealth-management clients, leading to a 16% rise in net interest income to $974 million.

Read more at Barron’s: Wealth Management Is a Winner From Stocks’ Rally