More Big Banks Reported Earnings Wednesday. The Stocks Are Falling.

Investopedia • January 14, 2026 • business

Key Points:

Major bank stocks, including Bank of America, Wells Fargo, and Citigroup, dropped about 5% following their latest quarterly earnings reports.
Bank of America and Citigroup exceeded analysts' expectations, while Wells Fargo's results were below estimates, reflecting a mixed earnings season for big banks.
JPMorgan and Goldman Sachs also experienced declines in their share prices amid the broader sell-off in the banking sector.
Bank of America CEO Brian Moynihan expressed cautious optimism about economic growth in 2024, acknowledging several potential risks ahead.
JPMorgan CEO Jamie Dimon highlighted ongoing economic resilience but warned of challenges such as inflation, high asset valuations, and geopolitical uncertainties.