MADRID (AP) — Barcelona teenager Pau Cubarsí and Tottenham right back Pedro Porro are back in Spain’s squad for their Nations League games against Denmark and Serbia.
Coach Luis de la Fuente had included Cubarsí in his initial extended squad for this summer's European Championship, which Spain won, before dropping the central defender in the final selection. The 17-year-old Cubarsí went on to help Spain win Olympic gold in August.
Porro got his third cap for Spain in March in a friendly against Colombia. He is now back in the squad after impressing with Spurs this season.
Martín Zubimendi will likely start in place of the injured Rodri as Spain’s holding midfielder. The Real Sociedad player excelled in that backup role for Rodri at Euro 2024.
De la Fuente announced his squad on Friday for the home games against Denmark on Oct. 12 and Serbia three days later.
Denmark leads their group with six points. Spain has four points, Serbia one and Switzerland zero.
Spain:
Goalkeepers: David Raya (Arsenal), Álex Remiro (Real Sociedad), Robert Sánchez (Chelsea).
Defenders: Marc Cucurella (Chelsea), Dani Carvajal (Real Madrid), Óscar Mingueza (Celta Vigo), Dani Vivian (Athletic Bilbao), Aymeric Laporte (Al Nassr), Pau Torres (Aston Villa), Pau Cubarsí (Barcelona), Pedro Porro (Tottenham), Alejandro Grimaldo (Bayer Leverkusen).
Midfielders: Martín Zubimendi (Real Sociedad), Mikel Merino (Arsenal), Alex Baena (Villarreal), Fabián Ruiz (Paris Saint-Germain), Aleix García (Bayer Leverkusen), Pedri González ( Barcelona).
Forwards: Álvaro Morata (AC Milan), Lamine Yamal (Barcelona), Ferran Torres (Barcelona), Nico Williams (Athletic Bilbao), Yéremi Pino (Villarreal), Mikel Oyarzabal (Real Sociedad), Joselu Mato (Al Gharafa).
Young Boys' Cedric Itten, right, jumps for a header with Barcelona's Pau Cubarsi during the Champions League soccer match between Barcelona and Young Boys at the Lluis Companys Olympic Stadium in Barcelona, Spain, Tuesday, Oct. 1, 2024. (AP Photo/Joan Monfort)
NEW YORK (AP) — A surging stock market and a flurry of deal making padded the profits of Wall Street's two big investment banks, which both saw a double-digit jump in profits in the fourth quarter.
Goldman Sachs's net earnings rose 12% from a year earlier, posting a profit of $4.62 billion, or $14.01 a share. Meanwhile Morgan Stanley said it earned $4.4 billion, or $2.68 per share, compared to a profit of $3.71 billion, or $2.22 per share, compared to a year earlier.
Wall Street has been bolstered by the Trump administration's deregulatory policies, which has led corporations to seek out mergers and acquisitions, as well as the surge of investor interest in artificial intelligence companies and those who stand to benefit from the mass adoption of technologies like ChatGPT.
Fourth-quarter investment fee revenues over at Goldman were up 25% year-over-year and Morgan Stanley saw a 47% jump in revenue in its investment banking division. Both banks said their investment fee backlog, which is a signal of how much deal making is still pending that banks are working on, increased significantly in the fourth quarter.
Goldman and Morgan's results reflect the strong earnings out of the other big banks that reported their results this week. JPMorgan Chase, Bank of America and Citigroup all saw jumps in fourth-quarter profits, but their results were dampened by the ongoing tensions that Wall Street is having with the White House over the issue of the independence of the Federal Reserve and President Donald Trump's interest in capping credit card interest rates at 10%.
Along with a strong investment banking performance, Goldman Sachs also agreed to sell off its Apple Card credit card portfolio to JPMorgan Chase last week, effectively exiting its brief experiment in consumer banking. The bank sold the credit card portfolio at a discount to JPMorgan, a sign of how desperately Goldman wanted to exit the business and put the Apple Card behind it.
This story has been corrected to show that Morgan Stanley's investment banking revenues rose 47%, not 22%.
FILE - Electronic signage is shown at Morgan Stanley headquarters, Thursday, March 4, 2021 in New York. (AP Photo/Mark Lennihan, File)
FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)
