Q4 results continue a solid week for Wall Street’s financial giants
Morgan Stanley’s earnings per share and revenue jumped in the fourth quarter of 2025 as the investment banking giant became the latest of Wall Street’s biggest names to post its Q4 financial results.
The company said Thursday its earnings per share came in at $2.68 for the quarter ending December 31, well above the $2.44 expected, while net revenue of $17.9 billion was also higher than analysts had anticipated.
For the full year, the company took in $70.6 billion in net revenue, a jump from $61.8 billion in 2024 – but provisions for credit losses, the amount set aside for potentially souring loans, increased in 2025 compared with the previous year.
On the investment banking side, net revenues surged by 47%, while institutional securities also posted a revenue jump. Equity net revenues ticked 10% higher, although fixed income net revenues slipped by 9%.
Goldman Sachs also revealed its fourth-quarter results on Thursday morning, beating analyst expectations on the back of solid performance on the asset and wealth management side and through equities trading.
Profits were up 12% from the same time last year, rising to $4.62 billion ($14.01 per share). Net revenue totaled $13.45 billion, while diluted earnings per share for the full year were $51.32.
The results cap a busy week on Wall Street which has also seen JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo post generally positive results for the fourth quarter and full year.
Stock futures were up Thursday morning, continuing a surprisingly resilient week for the market despite a ripple of unease over the Sunday announcement by Federal Reserve chair Jerome Powell of a criminal investigation into him and the central bank.
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