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

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NEW YORK (AP) — A surging stock market and a flurry of deal making padded the profits of Wall Street’s two big investment banks, which both saw a double-digit jump in profits in the fourth quarter. Goldman Sachs’s net earnings rose 12% from a year earlier, posting a profit of $4.62 billion, or $14.01 a share. Meanwhile Morgan Stanley said it earned $4.4 billion, or $2.68 per share, compared to a profit of $3.71 billion, or $2.22 per share, compared to a year earlier. Wall Street has been

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