Before the overnight US stock market, Goldman Sachs and Morgan Stanley successively released their fourth quarter and full year financial reports last year. With the boost of wealth management business revenue, both investment banks exceeded expectations in revenue. Goldman Sachs had a net revenue of $11.32 billion in the fourth quarter, a year-on-year increase of 7%. Its stock trading division saw a surge in revenue, while wealth management revenue increased by 23% year-on-year. However, fixed income, currency, and commodity revenue declined. Morgan Stanley's revenue remained largely unchanged year-on-year, with investment banking revenue increasing by 5% and wealth management revenue reaching $6.65 billion, an increase of 0.3% year-on-year, exceeding the expected $6.4 billion, but with a significant decline in net profit.