Reported 16 days ago
Morgan Stanley's third-quarter profits exceeded expectations, boosted by increased fees from dealmaking and stock trading, leading to a record revenue of $18.2 billion. The bank reported a net income of $4.6 billion, significantly higher than the previous year's figures. The uptick was fueled by a surge in M&A activity and strong performance in equity markets, helping the bank also achieve record revenue in wealth management. Shares rose by 3.9% in premarket trading, reflecting investor optimism as the financial sector anticipates continued growth into 2026.
Source: YAHOO