Goldman Sachs and Morgan Stanley reported strong quarterly earnings to top off a solid year for both investment banks, sending their shares higher in morning trading. Alex Cohen has more.

Shares of Morgan Stanley and Goldman Sachs were up 4.1% and 2.25%, respectively, early Thursday morning after the companies reported better-than-expected fourth-quarter earnings. Morgan Stanley’s weal

Dow Jones financial giant Goldman Sachs posted mixed results early Thursday. Morgan Stanley surges on its Q4 beat.

Goldman Sachs Group Inc. set an all-time Wall Street record of $4.31 billion for equities-trading revenue in the final three months of last year and Morgan Stanley's debt bankers increased revenue 93% in the fourth quarter,

Goldman Sachs and Morgan Stanley’s stocks have declined in the last two sessions, with Thursday’s earnings being a deciding factor on whether these banks would snap the losing streak or continue the declines.

The bank reported record annual revenue in its core Wall Street engine of investment banking and trading. Morgan Stanley also benefited from a surge in dealmaking activity.

Goldman Sachs Group Inc. set an all-time Wall Street record of $4.31 billion for equities-trading revenue in the final three months of last year and the bank also raised its dividend to $4.50 per share.

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