Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) Could be Pressured on Disclosure After Goldman (NYSE:GS) $

A report from the Financial times said Goldman Sachs (NYSE:GS) lost $5 billion more in proprietary trading in than they had disclosed at the time. That could result in giant banks like Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC) being pressed harder concerning financial disclosures.

Reporting standards by Goldman were changes this week after being reviewed by a Business Standards Committee, which Goldman created to take stock of the policies and procedures of the company.

Per the review, Goldman said they'll start to disclose more of the details of the financial results they generate.

It was within this review that the Financial Times discovered the $5 billion that hadn't been disclosed.

Goldman filed a revised report with the Securities and Exchange Commission earlier in the week.

Goldman was trading up today, rising to $174.59, gaining $3.02, or 1.76 percent, as of 12:08 PM EST.