Large U.S. banks rallied to fresh record highs on Wednesday as investors cheered on stronger-than-expected fourth-quarter earnings, driven by resilient lending income, cost-cutting efforts and a rebound in corporate deal-making sending.

Goldman Sachs staffers are unhappy with their scanty bonuses, especially when compared to the 26% surge in CEO David Solomon's payday on his 63rd birthday.

When news of Solomon’s bonus was released, a lot of folks here just rolled their eyes,” one equities trader told The Post. “Of course, that is where our money went.”

Goldman Sachs employees are unhappy with their end-of-year bonuses, which they deem insufficient. The unhappiness comes after CEO David Solomon received a hefty pay rise after the bank's best earnings in three years. He took home $39 million in compensation for 2024, a 26% increase from 2023.

Goldman Sachs CEO David Solomon promoted a slew of top bankers on Tuesday to run the firm’s biggest business units, just days after the bank boss was awarded a pair of massive bonuses. The

Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.

Fourth quarter results have been exceptional for US banks, led by Goldman Sachs whose earnings per share (EPS) exceeded expectations by more than 45 per cent.

CNBC's Jim Cramer on Friday reviewed earnings reports from top banks that reported this week, saying he's impressed with all them, but especially Wells Fargo and Goldman Sachs. He said investors ...

Here are some of the major companies whose stocks moved on the week’s news.

The 8.3% boost in compensation – after JPMorgan reported record profit – puts Dimon’s pay on par with that of Goldman Sachs CEO David Solomon.

DBS will remain in the Net-Zero Banking Alliance, even after six of the largest US banks have left. Read more at straitstimes.com.

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