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Earnings Flash (STT) State Street Posts Q4 Total Revenue $3.67B, vs. FactSet Est of $3.60B
U.S. stocks rose on January 15, led by gains in bank shares following positive quarterly results from Goldman Sachs and Morgan Stanley. TSMC's strong performance also boosted U.S. chipmakers, with the semiconductor index climbing. The S&P 500 increased by 0.26%, the Nasdaq by 0.25%, and the Dow Jones by 0.60%. Investors are showing interest in undervalued stocks, while tech stocks rebounded after concerns over valuations. BlackRock reported record assets under management, marking the start of the fourth-quarter earnings season.
Goldman Sachs and Morgan Stanley reported significant profit increases in the fourth quarter, driven by a booming stock market and increased deal-making activity. Goldman Sachs saw a 12% rise in net earnings, reaching $4.62 billion, or $14.01 per share. Morgan Stanley also experienced a notable profit jump, reflecting the overall positive trend in the investment banking sector.
China's new bank lending has declined for the second consecutive year, dropping from ¥18.09 trillion in 2024 to ¥16.27 trillion in 2025. This follows a record high of approximately ¥22.8 trillion in 2023. The decline reflects a lack of credit appetite amid ongoing struggles to boost domestic demand, exacerbated by a slump in the property market and concerns over overcapacity. Additionally, ineffective stimulus measures from Beijing have contributed to the situation.
Banco Santander SA-Spon rose 5.68% in the night session; JP Morgan rose 0.07%, with a transaction volume of USD 3.39 million; Citibank fell 0.07%, with a transaction volume of USD 531,000; Bank of America rose 0.09%, with a transaction volume of USD 418,700
