**[Goldman Sachs and Morgan Stanley Set Revenue Records, Traditional Investment Banks Dominate Stock Trading]** According to a report by Jinse Finance, financial statements released by Goldman Sachs and Morgan Stanley show that the stock trading divisions of both companies achieved record-high revenues last year. The current question is whether the industry has already reached its peak. Data reveals that U.S. banks are making staggering amounts of money in the stock market. Goldman Sachs alone generated $16.5 billion in revenue from its stock trading business, an increase of $3 billion compared to 2024. This figure is only slightly lower than the combined stock trading revenue of the four largest European banks in 2024 ($17.1 billion). Last year, Morgan Stanley's stock trading business grew by 28%, reaching $15.6 billion, also setting a new record. JPMorgan Chase reported the strongest revenue growth, up 29% from 2024, while Bank of America and Citigroup also achieved steady growth.