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International Business Times

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US Bank Profits Rise As Wall Street Hopes For Merger Boom

United States JPMorgan Donald Trump Jamie Dimon Citi Goldman Sachs Joe Biden Mark Mason JPMorgan Chase Wells Fargo

Executives pointed to optimism in the finance industry as bankers eye an easing of regulatory oversight from Washington under the incoming Trump administration (Credit: AFP)

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall Street eyes a potential merger boom under the incoming Trump administration.

Profits climbed for US financial heavyweights including JPMorgan Chase and Goldman Sachs, in part because of the absence of large costs in 2024's year-ending quarter.

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