Martin Luther King Jr. Day and Donald Trump's inauguration will result in the closure of several key offices and services.

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 -0.61%) was a particular standout, with shares up by as much as 3% on Monday.

The departures from the Net-Zero Banking Alliance began with Goldman Sachs' announcement on Dec. 6 and come ahead of Donald Trump's return to the White House next week. Trump has been critical of efforts by governments to prescribe climate-change policies.

The Canadian dollar is heading for a wild week as U.S. President-elect Donald Trump assumes office, with traders prepping for tariffs being slapped on the country’s exports.

Canada’s dollar is heading for a wild week as US President-elect Donald Trump assumes office, with traders prepping for tariffs being slapped on the country’s exports.

Five major banks have agreed to provide mortgage relief to customers affected by wildfires that have ravaged thousands of homes, businesses and structures in the Los Angeles area, California Gov. Gavin Newsom said.

Martin Luther King Jr. Day on January 20 coincides with Trump's inauguration. Government offices, postal services, and financial institutions will be closed, but retailers like Costco, Walmart, and Target will remain open.

Canada’s dollar is heading for a wild week as US President-elect Donald Trump assumes office and traders prepare for the US to impose tariffs on the country’s exports.

Though Trump is set to reshape the future of AI in America, there's another corporate investment set to take off under his leadership.

As people celebrate Rev. Martin Luther King Jr.'s legacy Monday, here’s what to know about what’s open and closed on MLK Day in Oregon.

Banks are increasingly looking like the new defensive play for investors. With solid dividends, attractive valuations, and growth catalysts on the horizon, they could provide a balanced mix of stability and opportunity in a portfolio. Read the original analysis: Are banks the new defensive play?