Morgan Stanley Exceeds Q2 Expectations with Investment Banking Surge
TL;DR Summary
Morgan Stanley reported strong Q2 earnings with EPS of $1.82, beating expectations, and sales of $15.02 billion, driven by a rebound in trading and investment banking. Institutional Securities saw significant revenue growth, particularly in Equity and Investment Banking, while Wealth Management also performed well. The bank is on track to reach a $10 trillion client asset target.
Topics:top-news#earnings#finance#investment-banking#morgan-stanley#trading-revenue#wealth-management
- Morgan Stanley Q2 Earnings: Higher Profits As Investment Banking Activity Rebounds, On Track To Reach $10T Client Assets Benzinga
- Morgan Stanley tops estimates on stronger-than-expected trading and investment banking CNBC
- Morgan Stanley's investment banking surge solidifies Wall Street dealmaking revival Yahoo Finance
- Morgan Stanley Traders, Bankers Top Estimates as Wealth Lags Bloomberg
- Morgan Stanley Earnings and Revenue Top Expectations. Stock Falls. Barron's
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