Bank of America’s latest earnings results offer insight into the sentiment of U.S. businesses on M&A in the coming year. “The consumers are still spending, and our business clients are profitable and increasingly optimistic,

JPMorgan Chase ( JPM) will kick off the fourth quarter earnings season next week, with updates from rivals Citigroup ( C) and Wells Fargo ( WFC) to follow. This comes as the market enters what is expected to be a renewed surge in dealmaking and new listings under looser regulations from President-elect Donald Trump's new administration.

Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC) and Truist Financial Corp. (NYSE: TFC) are scheduled to release their fourth-quarter 2024 earnings on Jan. 15, Jan. 16 and Jan. 17, respectively.

Fourth-quarter net profit of Taiwan Semiconductor jumps 57%, UnitedHealth falls after revenue misses estimates, and profits at Bank of America and Morgan Stanley beat analysts’ expectations.

Copyright 2025 The Associated Press. All Rights Reserved. Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr testifies at a House Financial ...

Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.

The December jobs report surprised markets, leading to Wall Street banks abandoning rate cut predictions. A strong labor market may bring back interest rate hikes.

Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.

Related: Fed members reset interest rate cut forecasts for 2025 The Fed helps manage the economy by influencing borrowing costs, adjusting overnight interest rates in an effort to maintain those goals of price stability and low joblessness.

The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was launched in 2017.

Federal Reserve Bank officials said the decision to leave the network came after the group’s work had “increasingly broadened in scope.”

Bank of America Corporation (NYSE:BAC), one of the world's largest financial institutions, finds itself at a critical juncture as it navigates a complex economic landscape. With a precise market capitalization of $353.