Both banks reported a higher return on equity than expected.
Goldman Sachs is raising its dividend after trading revenue rose to a record $4.31 billion in the fourth quarter. Net income for the full year 2025 was $58.3 billion, making 2025 the bank's second-best year ever in terms of cash inflows.
Competitor Morgan Stanley reported earnings per share of $2.68, compared with expectations of $2.44 per share. Net income totaled $17.9 billion, compared with expectations of $17.6 billion.
The reports come after US President Donald Trump proposed a controversial plan to cap credit card interest rates at 10 percent.
