Sina US stocks, January 16, Beijing timeMorgan Stanley(Morgan Stanley)Wall Street ended the earnings season on Wall Street with the best annual earnings and revenue ever, and the trading boom boomed the bank.Profits jumped 46% in the fourth quarter of 2019。

JPMorgan Chase & CoIt was the last major investment bank on Wall Street to report fourth-quarter results.The bank made a net profit of $2.2 billion in the fourth quarter of last year, well above analysts' forecasts of $1.7 billion; full-year net profit was $9 billion, up 3 per cent from a year earlier; and fourth-quarter revenue was $10.9 billion, well above analysts' expectations of $9.725 billion.Revenue from the fixed income sector more than doubled to $1.3 billion.

"Quarterly results for all our businesses are strong," said James Gorman, chief executive of Morgan Stanley. "The company's revenue exceeded $10 billion for the fourth consecutive quarter, setting a record for full-year revenue and net income.This continuous performance is in line with all our set performance goals. "

JPMorgan Chase & Co promised to release a "strategic update" on a later conference call with analysts, but did not give further details. The quarterly results covered $172 million in severance pay for what Morgan Stanley called "business unit and infrastructure employee action in December". In December, media reported that Morgan Stanley would cut 1500 jobs worldwide to prepare for the uncertain 2020.

Institutional securities businessMorgan Stanley's biggest growth factor, including equities and fixed income, was the division's revenue rose 32 per cent to $5 billion and net income rose 47 per cent. Driven by bond issuance and strong IPO performance, Morgan Stanley's fourth quarterInvestment banking businessThe performance also reached the peer level, with revenue up 11 per cent year-on-year.

The investment management division, the smallest of Morgan Stanley's three operating divisions, almost doubled its revenue to nearly $1.4 billion in the fourth quarter of last year, while asset management revenue rose 11 per cent to $4.6 billion.

The result put an end to Wall Street's mixed earnings season. In the current earnings seasonThe surge in fixed income trading revenue is a feature of the industry as a whole.But the situation is different from each other. JPMorgan Chase & Co's quarterly profit increased by 21% over the same period last year, Goldman Sachs GroupIt decreased by 26%.