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].

Group 1: Market Overview - Major stock indices on Wall Street rose collectively after two days of decline, with the Dow Jones Industrial Average up by 292.81 points, or 0.60%, closing at 49,442.44 points; the Nasdaq Composite increased by 58.27 points, or 0.25%, to 23,530.02 points; and the S&P 500 gained 17.87 points, or 0.26%, ending at 6,944.47 points [1] - The semiconductor sector strengthened significantly due to TSMC's strong earnings report, which reignited confidence in AI-related demand [2] - Financial stocks rebounded as Morgan Stanley and Goldman Sachs reported better-than-expected earnings, with Morgan Stanley's stock rising by 5.8% and Goldman Sachs by 4.6%, both reaching new closing highs [2] Group 2: Company Performance - TSMC's stock rose by 4.5% after reporting record quarterly earnings, with profits increasing by 35% year-over-year, boosting market confidence in AI demand [2] - Goldman Sachs reported a fourth-quarter net profit of $4.6 billion, with diluted earnings per share of $14.01, a 12% year-over-year increase; Morgan Stanley's net profit grew by 18% to $4.4 billion, driven by a 47% surge in trading revenue [2] - The Philadelphia Semiconductor Index rose by 1.76%, reaching a record close, with intraday gains nearing 4% before tapering off [2] Group 3: Economic Indicators - The U.S. Labor Department reported that initial jobless claims fell to 198,000, significantly below market expectations, indicating a resilient labor market [5] - The 10-year U.S. Treasury yield rose by 1.6 basis points to 4.156%, while the 2-year yield increased by 4.4 basis points to 3.558%, with market expectations for a rate cut by the Federal Reserve remaining stable at about 5% [6]

Group 1 - Morgan Stanley reported Q4 net revenue of $17.89 billion, exceeding market expectations of $17.62 billion, with wealth management contributing significantly at $8.43 billion [1] - The company's earnings per share for the quarter were $2.68, with non-interest expenses of $12.11 billion below the forecast of $12.27 billion, and compensation costs of $7.06 billion also lower than the expected $7.24 billion [1] - Goldman Sachs reported Q4 net revenue of $13.45 billion, a 3% year-over-year decline, but achieved record revenue in stock trading at $4.31 billion [1] Group 2 - Goldman Sachs' net profit for Q4 was $4.6 billion, with earnings per share of $14.01, reflecting a 12% year-over-year increase [1] - The investment banking revenue for Goldman Sachs grew by 25% year-over-year to $2.58 billion, while net interest income increased by 58% to $3.71 billion [1] - For the full year 2025, Goldman Sachs reported net revenue of $58.28 billion and net profit of $17.18 billion, with investment banking fees reaching the second-highest level in history [2]

Core Viewpoint - The article highlights a positive trend in the U.S. stock market driven by strong earnings reports from major financial institutions and optimistic guidance from TSMC, which has reignited investor interest in technology stocks [2][4]. Financial Sector Performance - U.S. stock indices collectively rose, with the Dow Jones up 0.60%, Nasdaq up 0.25%, and S&P 500 up 0.26% as of January 15 [4]. - Major financial stocks surged, with Morgan Stanley rising nearly 6% to reach a historical high, and Goldman Sachs and Citigroup both increasing over 4% [4]. - BlackRock, the world's largest asset management company, saw its assets under management reach a record $14.04 trillion, increasing by 5.9% in Q4 [4]. Earnings Reports - Morgan Stanley reported Q4 revenue 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, surpassing the forecast of $2.44 [4]. - Goldman Sachs disclosed Q4 revenue of $13.45 billion, a 3% year-over-year decline, slightly below expectations, but Non-GAAP earnings per share reached $14.01, significantly exceeding the forecast of $2.25 [4]. TSMC's Impact on Technology Stocks - TSMC's Q4 gross margin exceeded 60% for the first time, with net profit reaching $16 billion, a 35% year-over-year increase, surpassing analyst expectations [5]. - TSMC plans to significantly increase capital expenditures to $56 billion in 2026, a 37% increase from 2025, to capitalize on AI opportunities, with revenue growth expectations close to 30% [5]. - Following TSMC's report, its stock rose 4.4%, contributing to a broader rally in semiconductor stocks, with the Philadelphia Semiconductor Index up 1.76% [5]. Federal Reserve Policy Signals - Recent labor market data showed initial jobless claims fell to 198,000, significantly below the expected 215,000, alleviating concerns about labor market weakness [8]. - Several Federal Reserve officials indicated support for pausing interest rate cuts in the upcoming meeting, citing a stable labor market and persistent inflation pressures [8]. - Chicago Fed President Austan Goolsbee emphasized the need to bring inflation down to 2%, while other officials expressed caution against further rate cuts due to ongoing inflation concerns [8].

CNBC's Jim Cramer on Thursday praised Morgan Stanley and Goldman Sachs, suggesting the financial giants are worth more than what they're currently trading for."These are not some episodic rollercoaster firms. They're solid, granite, tungsten, even," he said. "Yet they sell at multiples far lower than Colgate or Procter & Gamble…or just the average stock in the S&P 500. That's farcical."Morgan Stanley and Goldman Sachs released quarterly reports Thursday and managed to impress Wall Street. Both banks' result ...

US stock futures climbed on Friday, led again by tech as Wall Street looked for back-to-back gains to end a volatile week of solid bank earnings and geopolitical jitters. Nasdaq 100 futures (NQ=F) rose roughly 0.4%, while those on the S&P 500 (ES=F) added 0.2%. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech names, hovered around the flatline after stocks reversed a two-day losing streak on Thursday. Markets are poised for another winning day as TSMC (TSM) and Nvidia (NVD ...

Group 1: Market Performance - The U.S. stock market saw a strong performance with all three major indices rising, driven by better-than-expected earnings reports from Morgan Stanley and Goldman Sachs, leading to significant gains in financial stocks [1][2] - Morgan Stanley's stock surged over 6%, while Goldman Sachs rose over 4%, both reaching historical highs [1][2] - The Nasdaq index experienced a peak increase of over 1% during trading, reflecting renewed investor enthusiasm for technology stocks, particularly in the semiconductor sector [1] Group 2: Financial Sector Earnings - Morgan Stanley reported Q4 2025 revenues of $17.89 billion, a 10.3% year-over-year increase, surpassing market expectations of $17.77 billion, with earnings per share of $2.68, exceeding the forecast of $2.44 [2] - Goldman Sachs disclosed Q4 revenues of $13.45 billion, a slight decline of 3% year-over-year, but its Non-GAAP earnings per share reached $14.01, significantly above the expected $11.76 [2] Group 3: Semiconductor Sector Insights - TSMC's Q4 earnings report showed a gross margin exceeding 60% for the first time, with a net profit of $16 billion, a substantial 35% increase year-over-year, exceeding analyst expectations [3] - TSMC plans to significantly increase its capital expenditure to $56 billion in 2026, a 37% rise from the $40.9 billion spent in 2025, indicating a strong commitment to capitalize on AI opportunities [3] - The positive earnings from TSMC led to a 4.4% increase in its stock price, contributing to a broader rally in semiconductor stocks, with the Philadelphia Semiconductor Index rising by 1.76% [3] Group 4: Federal Reserve Policy Signals - Recent labor market data indicated a decrease in initial jobless claims to 198,000, significantly below the expected 215,000, alleviating concerns about a weakening labor market [4][5] - Several Federal Reserve officials suggested a pause in interest rate cuts, citing a stable labor market and ongoing inflation pressures [5] - The comments from Fed officials indicate a preference for maintaining a moderately restrictive monetary policy to address persistent inflation concerns [5]