The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.

Goldman Sachs raised the firm’s price target on Morgan Stanley (MS) to $138 from $128 and keeps a Neutral rating on the shares after its Q4

Morgan Stanley raised the firm’s price target on Goldman Sachs (GS) to $782 from $736 and keeps an Overweight rating on the shares after the

But the grand machinery keeping Wall Street moving is just picking up steam. That's because, deterred by regulatory uncertainty and higher borrowing costs, U.S. corporations have mostly sat on the sidelines in recent years when it came to buying competitors or selling themselves.

The boost, to $39 million for 2024, makes the CEO the best-paid among the top six U.S. banks. Goldman is also tying four executives’ pay, to a degree, to the banks’ efforts connected with private credit.

On Wednesday, Goldman Sachs, JPMorgan, Wells Fargo and Citigroup all posted profits that were better than expected. Similar readings came from others during the week, such as Wells Fargo, Morgan Stanley,

Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street revival that has dealmakers optimistic about the coming Trump era in 2025. Strong investment banking and trading results also helped push profits higher at other big banks in the fourth quarter,

Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,

The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.

Among the S&P 500’s eleven sectors, Financials are expected to report the highest year-over-year earnings growth at nearly 40 percent, according to FactSet. Banks make up so much of that gain that if they were excluded from the sector, that figure would fall to 11 percent.

GlobalData lead analyst Aurojyoti Bose said: “Goldman Sachs was the top adviser by value in 2023 and also managed to retain its leadership position by this metric in 2024 as well. Although it registered a year-on-year decline in value, Goldman Sachs still remained much ahead of its peers due to its involvement in big-ticket deals.

Wall Street paused, with stocks ending little changed. Strong bank earnings keep rolling in and Trump's Treasury pick fields Senate questions.