Lates News

Goldman Sachs Group and Morgan Stanley's financial reports show that both companies' stock trading departments achieved record-high revenues last year. The suspense now lies in whether the industry has reached its peak. Data shows that Bank of America made a staggering amount of money in the stock market. Just Goldman Sachs alone reached $16.5 billion in revenue from its stock business, an increase of $3 billion from 2024. This number is slightly lower than the total stock business revenue of the top four European banks in 2024 ($17.1 billion). Last year, Morgan Stanley's stock business grew by 28% to reach $15.6 billion, also setting a record. JPMorgan Chase reported the strongest revenue growth, up 29% from 2024, while Bank of America and Citigroup also achieved steady growth.