Lates News

Morgan Stanley's stock traders greatly exceeded Wall Street's expectations and once again set a quarterly record, further solidifying the huge profits the industry gained in the second quarter due to market prosperity and continued volatility. The company's stock trading revenue in the second quarter of 2026 reached $6.3 billion, a 69% year-on-year increase, setting a new record for the first quarter. In addition, its highly anticipated wealth management business saw net new assets of $148.1 billion, far exceeding analyst expectations. For Wall Street, the second quarter can be described as explosive growth in performance, with JPMorgan Chase, Goldman Sachs, Bank of America, and Citigroup all surpassing expectations and setting new historical highs in stock trading volume. Following Morgan Stanley and Goldman Sachs jointly leading the record-breaking initial public offering (IPO) for SpaceX, investment banking expenses have also become a focus of the market. Morgan Stanley's stock underwriting fees reached $851 million, a 70% year-on-year increase, pushing the total investment banking expenses for the bank to $2.44 billion.