Goldman Sachs Morgan Stanley investment banking Trump.

Goldman Sachs and Morgan Stanley have reported strong profits in the fourth quarter, driven by a surging stock market and increased deal making. Goldman Sachs saw a 12% rise in net earnings, reaching $4.62 billion. Morgan Stanley reported $4.4 billion in earnings, up from $3.71 billion a year earlier. Wall Street has benefited from deregulatory policies and investor interest in AI technologies. Goldman’s investment fee revenues rose 25%, while Morgan Stanley’s increased by 22%. Goldman also sold its Apple Card portfolio to JPMorgan Chase, exiting consumer banking. Other big banks like JPMorgan, Bank of America, and Citigroup also reported profit increases.