On this episode of Stock Movers:

- Morgan Stanley’s (MS) debt bankers increased revenue 93% in the fourth quarter, by far the biggest jump on Wall Street and capping a record year for that business. The firm’s debt-underwriting revenue came in at $785 million for the last three months of the year, according to a statement Thursday, while analysts were expecting $635 million. That brought total investment-banking fees to $2.41 billion, up 47% from a year ago. The company reported record annual net income.

- Goldman Sachs (GS) blew through expectations for equities-trading revenue, netting an all-time Wall Street record of $4.31 billion in the final three months of last year. That trumps the previous all-time high for any bank, set by Goldman in the second quarter of 2025. The bank also raised its dividend to $4.50 per share, it said in a statement Thursday.

- US-listed shares of Taiwan Semiconductor Manufacturing Co. (TSMC) are up, after the chipmaker’s results and forecast were seen as strong underscoring that demand trends related to AI remain robust.