Jin Rong Jie·2026-01-16 00:11Group 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]