Goldman Sachs and Morgan Stanley see double-digit profit jumps amid surging stock market

2 hours ago 1

KEN SWEET

Thu, January 15, 2026 astatine 11:21 AM CST 2 min read

NEW YORK (AP) — A surging banal marketplace and a flurry of woody making padded the profits of Wall Street's 2 large concern banks, which some saw a double-digit leap successful profits successful the 4th quarter.

Goldman Sachs's nett net roseate 12% from a twelvemonth earlier, posting a nett of $4.62 billion, oregon $14.01 a share. Meanwhile Morgan Stanley said it earned $4.4 billion, oregon $2.68 per share, compared to a nett of $3.71 billion, oregon $2.22 per share, compared to a twelvemonth earlier.

Wall Street has been bolstered by the Trump administration's deregulatory policies, which has led corporations to question retired mergers and acquisitions, arsenic good arsenic the surge of capitalist involvement successful artificial quality companies and those who basal to payment from the wide adoption of technologies similar ChatGPT.

Investment interest revenues implicit astatine Goldman were up 25% year-over-year and Morgan Stanley saw a 22% leap successful gross successful its concern banking division. Both banks said their concern interest backlog, which is simply a awesome of however overmuch woody making is inactive pending that banks are moving on, accrued importantly successful the 4th quarter.

Goldman and Morgan's results bespeak the beardown net retired of the different large banks that reported their results this week. JPMorgan Chase, Bank of America and Citigroup each saw jumps successful fourth-quarter profits, but their results were dampened by the ongoing tensions that Wall Street is having with the White House implicit the contented of the independency of the Federal Reserve and President Donald Trump's involvement successful capping recognition paper involvement rates astatine 10%.

Along with a beardown concern banking performance, Goldman Sachs besides agreed to merchantability disconnected its Apple Card recognition paper portfolio to JPMorgan Chase past week, efficaciously exiting its little experimentation successful user banking. The slope sold the recognition paper portfolio astatine a discount to JPMorgan, a motion of however desperately Goldman wanted to exit the concern and enactment the Apple Card down it.