Gains in Goldman, BofA Send Wall Street to Four-Week High

Gains in Goldman, BofA Send Wall Street to Four-Week High
A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. David Gray/Reuters
|Updated:

Bank shares drove Wall Street’s main indexes to a one-month high on Jan. 16 after strong earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector also helping a risk-on sentiment.

Goldman Sachs Group Inc. climbed 7.3 percent after topping quarterly revenue estimates on strength in equity trading, while Bank of America Corp.  also posted similar gains after reporting a better-than-expected quarterly profit on growth in its loan book.