Morgan Stanley and Goldman Sachs Stocks Rise

Goldman Sachs fourth-quarter net earnings came in at $4.62 billion. That's up 12% from a year earlier. Morgan Stanley's wealth management unit shined during the quarter and hauled in an impressive $122 billion in net new assets—a 116% increase from the same period a year ago. Shares of Morgan Stanley and Goldman Sachs were up 4.1% and 2.25%, respectively, early Thursday morning after the companies reported better-than-expected fourth-quarter earnings. ...