在连续两日回调后，华尔街主要股指周四集体收高。芯片制造商台积电公布强劲财报，提振半导体板块 整体走强；与此同时，摩根士丹利和高盛业绩超出市场预期，推动金融股回暖。能源板块则在国际油价 大幅回落的拖累下走弱。 截至收盘，道琼斯工业指数上涨292.81点，涨幅0.60%，报49442.44点；纳斯达克综合指数上涨58.27 点，涨幅0.25%，报23530.02点；标普500指数上涨17.87点，涨幅0.26%，报6944.47点。 热门股表现 大型科技股涨跌不一，英伟达涨2.13%，亚马逊涨0.62%，Meta涨0.86%，谷歌A跌0.91%，苹果跌 0.69%，特斯拉跌0.13%，微软跌0.59%。 台积电股价收涨4.5%，此前公司公布再度刷新纪录的季度业绩，利润同比增长35%。该财报重新点燃了 市场对人工智能相关需求韧性的信心。 受此带动，费城半导体指数上涨1.76%，并创下收盘纪录。盘中该指数一度大涨近4%，但在尾盘有所回 吐，科技板块和纳指的涨幅亦相应收窄。 金融板块成为当日另一大支撑力量，摩根士丹利和高盛披露利好业绩，股价分别大涨5.8%和4.6%，双 双创下收盘新高。 高盛披露，第四季度净利润为46 ...

Group 1 - Goldman Sachs reports that LME copper prices have surged 23% since November, exceeding $13,000, driven primarily by speculative capital inflows rather than fundamental factors [2] - The recent price increase is not attributed to the strengthening dollar, expectations of Chinese economic growth, or supply tightness outside the U.S., despite rising inventories in the U.S. and abroad [2] - Goldman Sachs correctly predicted that copper tariffs would not be announced alongside the critical minerals order signed on January 14 under Section 232, which retains the possibility of future tariffs [2] Group 2 - Goldman Sachs maintains its baseline forecast that refined copper tariffs will be announced mid-year and implemented by January 2027, indicating a shift away from relying solely on tariffs for metal supply security [3] - China's copper industry faces three major challenges: increasing dependence on foreign resources, overcapacity in the midstream processing sector, and suppressed downstream demand due to high copper prices [4]

Group 1: Quarterly Results and Market Reactions - Goldman Sachs and Morgan Stanley reported a rise in quarterly profit, driven by increased dealmaking, with Goldman shares rising 4.6% and Morgan Stanley gaining 5.8% [1][9] - BlackRock, the world's largest asset manager, saw its shares increase by 5.9% as market rallies boosted fee income and assets under management reached a record $14.04 trillion in Q4 [7][10] - The results from these banks have initiated the fourth-quarter U.S. earnings season, which is expected to gain momentum with a more diverse group of companies reporting next week [8][10] Group 2: Sector Performance and Trends - The S&P 500 industrials index achieved a closing record high, indicating strong performance in traditional sectors [2][10] - Investors are currently favoring undervalued stocks in the banking and industrial sectors over tech stocks, which have been seen as overvalued recently [2][6] - Both mid-cap and small-cap indices, particularly the Russell 2000, have outperformed the S&P 500 this year, with the Russell 2000 reaching a closing record high [7][10] Group 3: Technology Sector Insights - Tech stocks, particularly chipmakers, experienced gains, with TSMC predicting robust annual growth and announcing plans for increased U.S. manufacturing capacity, leading to a 4.4% rise in its U.S.-listed shares [4][10] - An index of semiconductors climbed by 1.8%, with notable increases in shares of Nvidia, Broadcom, and Applied Materials [5][10] - Concerns regarding tech stock valuations have been alleviated by positive news from TSMC, which has helped restore momentum in the tech sector [6][10] Group 4: Market Activity Metrics - U.S. exchange volume reached 19.12 billion shares, surpassing the 16.81 billion average over the last 20 trading days, indicating heightened trading activity [8][10] - On the NYSE, advancing issues outnumbered decliners by a ratio of 1.92-to-1, with 759 new highs and 55 new lows recorded [8][10] - The Nasdaq also saw a favorable ratio of advancing to declining stocks at 1.26-to-1, with 2,683 stocks rising and 2,137 falling [9][10]

格隆汇1月16日｜据彭博，高盛集团正在关注预测市场的机会，高盛CEO所罗门称预测市场"极为有 趣"，并表示在过去两周内，他亲自会见了两家最大预测市场公司的领导人。所罗门表示："我当然能预 见这与我们业务的交汇点。"他指的是受美国商品期货交易委员会监管的预测市场合约。不过，他也提 醒称其接纳速度可能不会像一些观察人士预测的那样快。 ...

Market Overview - US stock market closed higher, driven by gains in bank and chip stocks, with the Dow Jones up by 292.81 points (0.60%) to 49,442.44, the Nasdaq up by 58.27 points (0.25%) to 23,530.02, and the S&P 500 up by 17.87 points (0.26%) to 6,944.47 [2] Chip Sector - The semiconductor sector saw a broad increase, with the Philadelphia Semiconductor Index rising by 1.76%, reaching a new all-time high. Notable gains included KLA Corporation up over 7%, Applied Materials up over 5%, ASML up over 5%, TSMC up over 4%, and AMD up 1.93% [10][11] - TSMC reported a 35% increase in net profit for Q4 2025, reaching approximately $16 billion, significantly exceeding expectations and marking seven consecutive quarters of double-digit growth [11] Bank Sector - Most bank stocks experienced gains, with Morgan Stanley up nearly 6%, Goldman Sachs up over 4%, Citigroup up over 4%, and JPMorgan up 0.48%. Wells Fargo was the only bank to decline, down 0.34% [16][17] - Goldman Sachs and Morgan Stanley reported record revenues in their trading divisions for the previous year. Goldman Sachs plans to issue investment-grade bonds to raise $16 billion, marking the largest such issuance in Wall Street history [17] Commodity Market - Oil prices fell sharply, with Brent crude down by $2.76 (4.15%) and WTI crude down by $2.83 (4.56%). This decline is attributed to market perceptions regarding potential de-escalation of military actions in the Middle East [19] - Gold and silver prices also dropped significantly, with silver down over 1.5% following the oil price decline [19][20]

华尔街金融巨头高盛集团(GS.US)在去年最后一个季度重新回到了华尔街股票资本市场(即ECM市场)营收排行榜的榜 首位置，高盛夺魁之际正值华尔街各大银行业巨头们争夺有望于2026年在美股市场进行首次公开募股(IPO)大型项目 (包括OpenAI、Anthropic以及SpaceX等)的承销角色。此外，高盛集团正在密切关注预测市场(Prediction Markets)领域 的重大投资机遇，希望借此在这一快速增长的且围绕现实世界事件下注的平台中获益，力争成为类似Polymarket这样 的预测市场平台。 这家总部位于纽约的金融巨头报告称，2025年最后三个月，其股票承销性质的营收约为5.21亿美元，超越了摩根士丹 利的4.94亿美元和摩根大通的4.16亿美元同项业务营收规模。 短期内难以逾越 高盛首席执行官大卫.所罗门表示，这一数字(2025年最后三个月的股票承销类营收数据)在短期内不太可能被超越。 如上图所示，高盛领跑华尔街第四季度股票承销业务。 "我猜测，股票资本市场的整体水平在2026年仍会明显低于2021年的峰值，但会稍微高于今年的水平，至于季度水平 则难以精准预测。"所罗门在周四的银行财报电话会议上告 ...

Core Insights - Goldman Sachs (GS.US) was included in the "Top 10 Core Assets with Global Vision" for 2026, with its stock rising by 4.63% to close at $975.86, marking a historic high with a total market capitalization of $292.688 billion [1] Financial Performance - In Q4, Goldman Sachs reported a net profit of $4.617 billion, representing a year-over-year increase of 12% [1] - The company's stock trading business generated a record revenue of $4.31 billion in a single quarter, setting a historical high on Wall Street [1] Dividend and Fundraising - Goldman Sachs announced an increase in its quarterly dividend from $4 to $4.5 per share, reflecting strong confidence in future cash flows [1] - The company plans to raise $16 billion through the issuance of investment-grade bonds, which will be the largest such issuance in the history of Wall Street banks [1]

多只银行股暴涨。 当地时间1月15日（周四），美股三大股指全线上涨，截至收盘，道指上涨0.60%，标普500指数上涨0.26%，纳指上涨0.25%。 大型科技股多数上涨，台积电涨超4%，英伟达涨超2%，AMD涨近2%，亚马逊、博通、Meta小幅上涨；谷歌A、苹果、微软、特斯拉小幅下跌。 消息面上，台积电发布的季度业绩显示，得益于人工智能硬件需求的持续强劲，公司利润增长显著超越市场预期。财报显示，2025年第四季度，台积电净 利润为5057亿新台币，同比增长35%，创出新高；公司合并营收为1.46万亿新台币，同比增长20.5%，市场预估为1.03万亿新台币；营业利润为5649亿新台 币，同比增长32.7%，市场预估5272.3亿新台币；营业利益率为54%，市场预估50.9%；毛利率为62.3%，同比提升3.3个百分点，市场预估60.6%。 台积电预计，2026年第一季度销售额为346亿美元至358亿美元，超出市场预估的332.2亿美元。预计2026年第一季度毛利率为63%至65%，超出市场预估的 59.6%。此外，台积电预计，2026年以美元计销售额将增长近30%。 银行股普涨，贝莱德、摩根士丹利涨近6%，高盛 ...

Market Overview - US stock market closed higher, led by gains in bank and chip stocks, with the Dow Jones up 292.81 points (0.60%) at 49,442.44, Nasdaq up 58.27 points (0.25%) at 23,530.02, and S&P 500 up 17.87 points (0.26%) at 6,944.47 [1] Chip Sector - The semiconductor sector saw a broad increase following TSMC's earnings report, with the Philadelphia Semiconductor Index rising 1.76% to a new historical high [4] - The White House announced a 25% import tariff on certain semiconductors and related equipment starting January 15, affecting products like Nvidia's H200 chip and AMD's MI325X AI accelerator chip, while excluding semiconductors for data centers and R&D [4] - TSMC reported a 35% increase in net profit for Q4 2025, reaching approximately $16 billion, marking a record high and exceeding expectations [5] Technology Sector - Major tech stocks showed mixed performance, with Nvidia up over 2%, Facebook up 0.86%, and Amazon up 0.65%, while Google down nearly 1%, Apple down 0.67%, and Microsoft down 0.59% [6] - Apple announced an expansion of Apple Pay's cross-border payment support for users of specific Chinese banks [7] Banking Sector - Bank stocks generally rose, with JPMorgan up 0.48%, Goldman Sachs up over 4%, Citigroup up over 4%, Morgan Stanley up nearly 6%, and Bank of America up 0.16%, while Wells Fargo fell 0.34% [8] - Goldman Sachs and Morgan Stanley reported record high revenues in their trading divisions, with Goldman planning to issue $16 billion in investment-grade bonds, the largest such issuance in Wall Street history [9] Commodity Market - Brent crude oil futures fell by $2.76 (4.15%), and WTI crude oil futures dropped by $2.83 (4.56%) [10] - Gold and silver prices experienced significant declines, with silver down over 1.5% [10]

Core Viewpoint - The article highlights a significant surge in bank stocks following strong earnings reports from major financial institutions, alongside positive macroeconomic indicators suggesting stability in the labor market and a potential pause in interest rate cuts by the Federal Reserve [2][5][8]. Group 1: Bank Stocks Performance - Major bank stocks experienced substantial gains, with BlackRock and Morgan Stanley rising nearly 6%, and Goldman Sachs and Citigroup increasing over 4% [2][5]. - Morgan Stanley reported Q4 2025 revenues of $17.89 billion, a 10.3% year-over-year increase, exceeding market expectations of $17.77 billion, with earnings per share at $2.68, also above the forecast of $2.44 [5]. - Goldman Sachs disclosed Q4 2025 revenues of $13.45 billion, a 3% year-over-year decline, slightly below market expectations, but Non-GAAP earnings per share reached $14.01, significantly surpassing the forecast by $2.25 [5]. Group 2: Macroeconomic Indicators - The U.S. Department of Labor reported that initial jobless claims fell to 198,000 for the week ending January 10, significantly below the market expectation of 215,000 and lower than the previous value of 208,000, indicating a stable labor market [8]. - Multiple Federal Reserve officials indicated a likely pause in interest rate cuts due to signs of labor market stabilization and ongoing inflation pressures [7][8]. - Chicago Fed President Austan Goolsbee emphasized the importance of reducing inflation to 2%, while Kansas City Fed President Jeff Schmid expressed opposition to further rate cuts amid persistent inflation [8].