Reported 15 days ago
Morgan Stanley's third-quarter profits exceeded expectations, driven by a record 44% increase in investment banking revenue and strong growth in equities trading. The CFO noted that the investment banking pipeline is at an all-time high, with optimism surrounding future deal volumes. The bank's total quarterly revenue reached $18.2 billion, and its wealth management assets approached $8.9 trillion. Shares rose significantly following the announcement, highlighting a strong performance amidst favorable macroeconomic conditions.
Source: YAHOO