Most Read from The Wall Street JournalGoldman’s profit rose to $2.99 billion and revenue rose 7% to $12.7 billion. Bank of America and Citigroup also posted strong results from the Wall Street operations on Tuesday. This marks the third consecutive quarter of year-over-year growth in investment banking fees following two years of mostly declines. At Bank of America, trading revenue was up 12% as its markets team produced a big chunk of its total profit. Write to AnnaMaria Andriotis at annamaria.andriotis@wsj.comMost Read from The Wall Street Journal

Source: Wall Street Journal October 16, 2024 03:09 UTC