Goldman Sachs and Morgan Stanley Profit Jump on Strong Dealmaking

Goldman Sachs and Morgan Stanley reported strong profit growth as Wall Street’s 2025 dealmaking boom powered investment banking and trading revenue. Goldman’s fees from mergers and acquisitions rose sharply, while Morgan Stanley saw double digit increases in equities and underwriting income. Both banks cited robust client engagement, healthy markets, and optimism for continued capital markets momentum, underpinning higher net revenues and investor confidence across franchises.