Goldman Sachs, Morgan Stanley & BlackRock All Surge on Earnings
Jan 15, 2026
Goldman Sachs shattered previous records with an astounding $4.31 billion in equities trading revenue. Meanwhile, Morgan Stanley celebrated a remarkable 93% surge in debt-underwriting revenue, driving them to a historic year. Not to be outdone, BlackRock reported $342 billion in client cash, bringing their total assets to a staggering $14 trillion. The podcast explores how these giants are adapting to market trends, including BlackRock's strategic move into private markets and ETFs.
04:44
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Goldman's Record Trading Quarter
Goldman Sachs set an all-time Wall Street record with $4.31 billion in equities-trading revenue.
The bank also beat expectations across sales and trading and flagged a four-year high in its deals backlog.
insights INSIGHT
Goldman Tests Prediction Markets
Goldman Sachs is exploring prediction markets and has a team working on them.
The effort is nascent and CEO David Solomon warned of possible concerns, suggesting a cautious rollout.
insights INSIGHT
Morgan Stanley's Debt Boom
Morgan Stanley's debt-underwriting revenue jumped 93% in Q4, the biggest increase on Wall Street.
That surge helped investment-banking fees rise 47% year over year and drove record annual net income.
Get the Snipd Podcast app to discover more snips from this episode
- Goldman Sachs (GS) blew through expectations for equities-trading revenue, posting an all-time Wall Street record of $4.31 billion in the final three months of last year. That was higher than the previous record for any bank, set by Goldman in the second quarter of 2025. It also came in nearly $700 million higher than what analysts had expected for the quarter, according to the average estimate compiled by Bloomberg. Shares of the Wall Street giant traded higher.
- Morgan Stanley (MS)’s debt bankers increased revenue 93% in the fourth quarter, by far the biggest jump on Wall Street and capping a record year for that business. The firm’s debt-underwriting revenue came in at $785 million for the last three months of the year, according to a statement Thursday, while analysts were expecting $635 million. That brought total investment-banking fees to $2.41 billion, up 47% from a year ago. The company reported record annual net income. Shares of Morgan Stanley rose 3.7% after earnings were released. They’ve climbed 44% in the past 12 months, more than the 9.9% increase for the S&P 500 Financials Index.
- BlackRock (BLK) pulled in $342 billion of total client cash in the fourth quarter, pushing the firm to a record $14 trillion of assets as it integrates a string of recent acquisitions to become a force in private markets. Investors added $268 billion on a net basis to its long-term investment funds, including $181 billion to its exchange-traded fund business that now has $5.5 trillion overall, BlackRock said Thursday in a statement announcing full-year and quarterly earnings. The tally in the last three months of the year pushed the total annual haul, including money-market and cash-management funds, to $698 billion, setting a new record. Shares of BlackRock rose 5.2% in New York after earnings.
Stock Movers