Morgan Stanley Reports Record Revenue and Profit Driven by 69% Surge in Equities Trading
Earnings·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Morgan Stanley has announced a record quarterly revenue and profit, with a remarkable 69% increase in equities trading contributing to the outsized results. This performance aligns with trends seen at other major banks, including Goldman Sachs and JPMorgan Chase, which also benefited from strong trading activity.
The investment bank's profits surged by 58%, marking a significant achievement as Wall Street continues to thrive. The results underscore the impact of the ongoing AI stock frenzy, which has played a crucial role in driving record revenues for Morgan Stanley.
Morgan Stanley
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Like at peers Goldman Sachs and JPMorgan Chase, a massive beat in equities trading drove the quarter's outsized results.”
CNBC — Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%“Investment bank becomes latest to shatter forecasts with revenues from equities trading”
FT — Morgan Stanley profits jump 58% as Wall Street booms“AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout”
Yahoo Finance — AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout“Morgan Stanley's revenue and profit hit records on a surge in stock trading”
quartz — Morgan Stanley's revenue and profit hit records on a surge in stock trading