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.

Goldman Sachs' quarterly profits jumped on robust merger activity as clients seize a "window" of opportunity during the Trump administration, bank officials said Thursday.

Goldman Sachs’ fourth-quarter profit beat Wall Street expectations on Thursday, fueled by a surge in dealmaking and stronger trading revenues in a turbulent market. The bank’s equity traders capitalized on volatility and a broader rally in the US market as investors speculated on the Federal Reserve’s interest-rate path and the prospects for AI companies.

Wall Street’s dealmaking boom didn’t slow at Goldman Sachs in the fourth quarter. Goldman reported net income of $4.6 billion, or $14.01 earnings per share, a 12% increase fro

Shares of Goldman Sachs and Morgan Stanley rallied into record territory Thursday, with the Wall Street dealmakers benefiting from a significant upswing in merger and acquisition activity.

Goldman Sachs' fourth-quarter profit beat Wall Street expectations on Thursday, driven by a surge in dealmaking and trading, as it expressed optimism for ​investment banking in the year ahead.

More on Goldman Sachs Goldman Sachs Heads Into Q4 2025 Earnings Results With Stronger Than Ever Fundamentals Wall Street Lunch: JPMorgan To Take Over Apple Card From Goldman Sachs Goldman Sachs: Here's Why You Should Hold Off On Adding Preferred Shares Goldman Sachs Q4 earnings top consensus;