Earnings
Home›Earnings›Results›Morgan Stanley reports record quarterly revenue and pr…
Morgan Stanley reports record quarterly revenue and profit as equities surge
Equities trading activity is up sharply, supporting higher trading and investment banking revenue in the quarter, according to CNBC.
Morgan Stanley reported record quarterly revenue and profit, with the bank set to benefit from stronger market activity, CNBC Markets reports.
CNBC says equities trading surged 69%, boosting trading and investment banking revenue as investors stayed active in capital markets.
The outlet also points to the results as consistent with what rivals such as JPMorgan Chase and Goldman Sachs have shown in recent quarters.