Financials Up After Goldman, Morgan Stanley Earnings -- Financials Roundup

Shares of banks and other financial institutions rose after strong earnings from Wall Street banks and money managers.

Goldman Sachs and Morgan Stanley both posted record annual revenues in their investment banking and trading units, wrapping up a strong week of performances from the country's largest banks. Combined with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, the six biggest banks brought in some $593 billion in revenue in 2025, up 6% from a year earlier.

BlackRock's assets topped $14 trillion for the first time, while the money manager's quarterly profit fell on one-time costs stemming from a recent acquisition spree.

Chicago Federal Reserve President Austan Goolsbee said anything that is infringing or attacking the independence of the central bank "is a mess" in an interview on CNBC.

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(END) Dow Jones Newswires

01-15-26 1756ET