Wall Street's Earnings Week Bonanza Eases Investors' 2018 Pain
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Bank investors were ready for some good news.
Shares of Goldman Sachs Group Inc. jumped the most for an earnings day since 2008, while Bank of America Corp.’s post-results climb was the steepest in more than seven years. For both firms, shareholders looked past bond-trading slumps and focused on bright spots like merger-advisory fees and lending income.