From Investing.com:

Goldman Sachs Group (NYSE: GS) reported better-than-expected Q4 earnings, with EPS of $5.48 surpassing the consensus of $3.80. Revenue grew 7% to $11.32B, exceeding the estimate of $10.83B. The company’s remarkable performance was previously detected by InvestingPro’s AI-powered stock-picking toll, ProPicks.

Morgan Stanley (NYSE: MS) shares fell over 4% after the company beat revenue expectations but missed profit forecasts due to a $535 million impact, including legal charges. The bank reported Q4 revenue of $12.9 billion, higher than estimates, but EPS of $0.85, lower than expected. This led to downgrades from JPMorgan and Keefe, Bruyette & Woods.

Charles Schwab (NYSE: SCHW) saw a 47% drop in Q4 profit, affected by higher interest expenses despite increased asset management fees. Earnings per share (EPS) came in at $0.68, higher than the consensus of $0.64, while revenue of $4.46B missed estimates of $4.53B.

Discover Financial Services (NYSE: DFS) shares declined more than 10% after the company reported a 62% decrease in Q4 net income, partly due to higher compliance-related expenses. The company’s net income of $388 million was significantly lower than the consensus estimate of $2.52 per share, although revenue of $4.2B beat expectations.

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Read more: Goldman Sachs rocks estimates, Discover Financial sinks By Investing.com