Goldman Sachs, Morgan Stanley, and BlackRock topped Q4 expectations, helping financial and real estate stocks rise even as bitcoin dipped and Treasury yields ticked up.
Big Wall Street names just delivered an earnings boost: Goldman Sachs, Morgan Stanley, and BlackRock topped Q4 expectations, lifting financial stocks and even giving real estate a small tailwind.
What does this mean?
Investors are rewarding firms that thrive when trading activity and dealmaking pick up. Goldman surprised with higher profit as investment banking and equity trading improved, and Morgan Stanley also beat estimates on stronger deal flow and more IPO chatter. BlackRock added to the upbeat tone with higher revenue and earnings, helped by its scale in asset management. The knock-on effect was a lift for financial benchmarks, even as the 10-year US T..
