Morgan Stanley Joins Wall Street Rivals’ Stock-Trading Bo…

US banks reported strong second-quarter earnings, driven by robust stock trading and wealth management. Highlights include: Morgan Stanley earning $6.3 billion from equity trading, a 69% increase from the previous quarter; Wells Fargo exceeding profit estimates through wealth and investment banking; and other banks like BofA, Citi, Goldman, and JPMorgan also showing significant profits, attributed to favorable market conditions. These results showcase Wall Street's ongoing recovery and resilience in the current financial landscape.

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Morgan Stanley Adds to Wall Street’s Stock-Trading Boom

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By Hannah Levitt

July 15, 2026 at 7:35 AM EDT

Updated on July 15, 2026 at 9:42 AM EDT

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Morgan Stanley’s stock traders sailed past Wall Street’s expectations to set another quarterly record, adding to the industry’s second-quarter windfall from buoyant markets and ongoing volatility.

The firm took in $6.3 billion from equity trading in the period, a 69% jump that bested its previous all-time high from the first quarter, according to a statement Wednesday. It pulled in $148.1 billion in net new assets in its closely watched wealth-management business, far more than analysts expected.

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Morgan Stanley Joins Wall Street Rivals’ Stock-Trading Boon