Overview
- Q4 net income rose to $4.4 billion with EPS of $2.68 versus the $2.45 consensus, as revenue climbed 10% to $17.9 billion.
- Full-year 2025 net revenue reached $70.6 billion, up 14% from the prior year.
- Investment banking revenue jumped 44% in the quarter, offsetting softer trading and other lines.
- Wealth and investment management client assets totaled $9.3 trillion, supported by $356 billion in annual net inflows.
- The efficiency ratio was 68% for Q4 and the full year, the firm completed $4.6 billion in buybacks including $1.5 billion in Q4, maintained a ~15% CET1 ratio, and shares rose roughly 5–6% intraday.