BUZZ-US big banks surge as Wall Street rallies

Reuters01-05
BUZZ-US big banks surge as Wall Street rallies

** Shares of U.S. big banks Goldman Sachs GS.N, JPMorgan Chase JPM.N, Wells Fargo WFC.N, Bank of America BAC.N, Citigroup C.N, and Morgan Stanley MS.N climb in morning trading

** GS up 4.6%, MS and JPM both up 3.2%, C up 3.6%, BAC up 2.6%, WFC up 2%

** Wall Street opened higher on Monday as tech stocks rebounded and oil companies surged following the capture of Venezuelan President Nicolas Maduro by the United States .N

** Barclays remains constructive on U.S. large-cap banks as it expects the trends and themes such as higher fee income, stable credit quality, and deregulation to carry into 2026

** "Results in 4Q25 should reinforce our forecast for multi-year, double-digit EPS growth," Wells Fargo analyst Mike Mayo says, adding that fundamental tailwinds such as strong investment banking pipeline and interest margin expansion remain intact

** JPM poised to kick off Q4 earnings for U.S. big banks on January 13, with others set to report on January 14 and January 15

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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