Bank of America, Wells Fargo, Citi stocks slide as earnings add to rough start to 2026

Banking giants Bank of America (BAC) and Wells Fargo (WFC) both reported Wednesday morning that their fourth quarter and full-year profits rose from a year ago. For the quarter, Bank of America's net income came in at $7.6 billion, a 12% rise from a year ago and ahead of forecasts for $7.4 billion. Wells Fargo's net income rose 6% to $5.4 billion, in-line with forecasts. Both banking giants reported their highest full-year net income in four years. Bank of America's earnings per share came in at $0.98, ...