Morgan Stanley Posts Record $21.35 Billion Q2 Revenue as Equities Trading Jumps 69%
Updated
Updated · CNBC · Jul 15
Morgan Stanley Posts Record $21.35 Billion Q2 Revenue as Equities Trading Jumps 69%
2 articles · Updated · CNBC · Jul 15
Summary
$5.58 billion in second-quarter profit and $3.46 per share topped expectations as Morgan Stanley delivered record results for the period.
A 69% surge in equities trading revenue drove the beat, with the business generating $6.3 billion—about $1.9 billion above StreetAccount analysts' estimates.
Total revenue rose 27% from a year earlier to $21.35 billion, beating the $19.64 billion LSEG consensus, while profit climbed 58% year over year.
The trading windfall mirrors outsized equities gains at JPMorgan and Goldman Sachs, where AI-driven market activity also helped lift results; investors now await Ted Pick's outlook amid high geopolitical tensions.