JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.

The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST. However, the financial sector was performing significantly better, especially when it comes to the big banks. Wells Fargo ( WFC 1.38%) was a particular standout, with shares up by as much as 3% on Monday.

Consumer prices rose 2.9% in December from a year earlier, marking the third consecutive monthly uptick in annual inflation.

Banks were among Wednesday’s biggest gainers after several of Wall Street’s biggest lenders posted big rises in quarterly profits, driven by strength in investment banking and trading. Citigroup, Goldman Sachs and Wells Fargo all jumped about 6 per cent.

Inauguration Day is not considered a federal holiday, meaning businesses, delivery companies, federal and state courts and banks are under no federal obligation to close on January 20 due to the swearing-in of the incoming president. But, this year, Inaugaration Day lines up with MLK Day.

FARGO — Human rights activists will demonstrate in the Fargo-Moorhead area ahead of President-elect Donald Trump’s inauguration. A new group named Red River United will host several events on ...

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