Goldman Sachs, Morgan Stanley
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Goldman Sachs regained its crown as the top investment bank for equities trading in the fourth quarter, ending Morgan Stanley’s three-month period of supremacy over its longtime
The investment banks Morgan Stanley and Goldman Sachs and asset-management giant BlackRock report their fourth-quarter earnings results today. Their results follow a day of stock declines across the broader financial sector on Wednesday after lackluster reports from Wells Fargo, Citigroup, and Bank of America.
Goldman and Morgan Stanley are the last of the biggest US banks to report fourth-quarter results. Morgan Stanley said Thursday that its debt-underwriting operation increased revenue 93% in the fourth quarter, by far the biggest jump on Wall Street and capping a record year for that business.
Goldman Sachs, Morgan Stanley, and BlackRock are slated to release fourth-quarter earnings on Thursday after a tough day for investors in the financial sector. Investors will be able to parse results from BlackRock,