Yahoo Finance·2026-01-15 05:03Core Insights - Financial institutions reported mixed fourth-quarter earnings, with some showing strength while others disappointed investors [2] - Bank of America achieved record income in its wealth management unit, while Wells Fargo and JPMorgan saw declines in stock prices despite some positive performance metrics [2][4] Group 1: Bank of America - Bank of America's wealth management unit recorded net income of $1.4 billion in the fourth quarter, representing a 20% year-over-year increase [4] - The overall performance of the wealth management segment contributed positively to the company's financial results [4] Group 2: Wells Fargo - Wells Fargo's stock fell 5% following its earnings report, attributed to a miss on net interest income, which has been declining across the industry [2][3] - The removal of a $1.95 trillion asset cap by the Federal Reserve in June 2022 was highlighted as a pivotal moment for Wells Fargo, allowing for potential growth in profitability [3] Group 3: JPMorgan - JPMorgan's asset and wealth management unit saw assets under management increase by 18% year-over-year, with revenue exceeding $6.5 billion [4] - The company experienced lower-than-expected investment banking fees, down 5% year-over-year, due to the timing of deals being pushed to 2026 [4] Group 4: Wealthfront - Wealthfront reported a net income of $30.9 million for the quarter, a 3% increase year-over-year, despite a 14% drop in stock price due to slowing asset flows [5] - The company had over $2.2 trillion in assets under management, reflecting a 16% increase for the quarter [6]