Goldman Sachs and BlackRock exceeded earnings expectations in their latest reports, while TSMC's stock climbed sharply after the semiconductor giant issued a robust outlook. The results signal resilience in financial markets and strong demand in the tech sector.
- Goldman Sachs beat estimates with $2.35 EPS vs. $2.18 expected
- BlackRock reported $9.10 EPS, exceeding consensus by $0.45
- TSMC's stock rose 6.2% after raising 2026 capex to $40B
- TSMC’s Q4 2025 revenue hit $29.8B, up 19% YoY
- Strong asset management inflows at BlackRock: $45B in Q4
- S&P 500 and Nasdaq 100 futures rose on positive sentiment
Goldman Sachs (GS) reported fourth-quarter earnings of $2.35 per share, surpassing analysts' expectations of $2.18, driven by a 17% increase in investment banking revenue and solid performance in asset management. The firm's total revenue reached $14.2 billion, up 12% year-over-year. Similarly, BlackRock (BLK) posted adjusted earnings of $9.10 per share, exceeding estimates by $0.45, fueled by a 14% rise in asset management fees and strong client inflows totaling $45 billion in the quarter. TSMC’s stock jumped 6.2% in after-hours trading following the company’s announcement of a bullish 2026 outlook. The Taiwan-based chipmaker cited sustained demand for advanced nodes, particularly in AI and automotive applications, and raised its capital expenditure forecast to $40 billion for the year, up from $35 billion previously. The company also reported a 19% year-over-year increase in revenue for the final quarter of 2025, reaching $29.8 billion. The combined strength in financial services and semiconductor sectors has boosted investor confidence. Wall Street analysts noted that the earnings beats from GS and BLK reflect improved market conditions despite elevated interest rate environments. TSMC’s guidance reinforces the broader trend of structural demand in semiconductors, particularly for 3nm and 2nm technologies. Market impact was immediate: the S&P 500 futures rose 0.6%, while the Nasdaq 100 gained 0.9%. Financial stocks, including JPMorgan and Morgan Stanley, also saw gains, while semiconductor ETFs like XLK posted a 1.4% increase. Investors are now turning attention to upcoming reports from Apple and Nvidia.