DC politicians want to enact harmful credit card mandates that could take away your cash back and rewards points.

Perks that stretch your budget and make life a little easier.

Losing these benefits means less money for your family's everyday essentials like gas and groceries.

The perks you rely on could disappear, leaving you with higher costs and fewer

options. Tell Congress to guard your card and oppose the Durban Marshall credit card mandates.

Paid for by Electronic Payments Coalition.

Hey listeners, it's Wednesday, January 21st. I'm David Uberti for the Wall Street Journal.

And this is What's News and Earnings, our look at some of the biggest themes standing out this earnings season.

The health of big banks gives us a snapshot of the state of the economy, tracking money flowing in and out of Americans' pockets, as well as the lending and deal-making that makes corporate America run.

This earnings season, that snapshot may be particularly important.

President Trump's economic agenda is coming into focus, and he's ramped up threats to scramble

global trade over his territorial ambitions in Greenland.

The nation's sixth largest banks collectively bagged $157 billion in profits last year,

up 8% from 2024, and their highest revenue as a group on record.

Today, we'll unpack those results with Anna Maria Andriotis,

the journal's lead financial reporter in New York,

to learn more about that growth, the health of the U.S. consumer,

and what Trump's moves into financial

markets could mean for Wall Street and Main Street alike.

Anna Maria, you write a lot about how businesses like trading and investment banking are the engines

of Wall Street. How are those engines running heading into 2026? Those engines right now are very strong.

Golden Sachs and Morgan Stanley both posted record annual revenues in 2025 in their investment

...