Both banks released billions from their loan-loss reserves
The release of loan-loss provisions helped boost the U.S. bank's earnings
Trading helped drive results
The firm’s AUM increased by more than $10 billion year over year
The CEO's direct compensation declined slightly after missing his variable pay target
The firm's assets under administration totalled $30.3 billion at the end of last year
This marks the first quarter of growth for the S&P 500 since the pandemic began
Residential mortgage biz will be a high priority ahead, chief executive says
Executive compensation was down last year
Profits were up, but risks remain, according to the rating agency