Goldman Sachs and Morgan Stanley see double-digit profit jumps amid surging stock market
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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.
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