{"id":542696,"date":"2026-07-15T13:12:08","date_gmt":"2026-07-15T13:12:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/542696\/"},"modified":"2026-07-15T13:12:08","modified_gmt":"2026-07-15T13:12:08","slug":"ai-stock-frenzy-drives-record-revenue-at-morgan-stanley-capping-big-bank-earnings-blowout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/542696\/","title":{"rendered":"AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout"},"content":{"rendered":"\n

An AI-powered trading and dealmaking binge boosted profits 58% at Morgan Stanley (MS<\/a>) in the second quarter. <\/p>\n

On Wednesday, the Wall Street bank reported net income of $5.58 billion, or $3.46 per share. Net revenue soared 27% from the year-ago period to $21.35 billion. Both earnings per share and revenue are record highs for Morgan Stanley. <\/p>\n

Quarterly stock trading fees rose 69% from the year ago period to $6.3 billion, also the highest in the firm’s history. Its equity underwriting businesses churned out $851 million, a 70% jump year over year and the highest since 2021. <\/p>\n

The company exceeded analyst estimates for net income and revenue, capping off a banner week for Wall Street’s biggest banks. JPMorgan Chase (JPM<\/a>), Wells Fargo (WFC<\/a>), Goldman Sachs (GS<\/a>), Bank of America (BAC<\/a>), and Citigroup (C<\/a>) all reported earnings that surpassed expectations on Tuesday. <\/p>\n

Together, these six big banks earned nearly $55 billion in the second quarter, a 37% jump a year earlier. <\/p>\n

Morgan Stanley CEO Ted Pick called the results “exceptional” in a press release statement. <\/p>\n

“We continue to accrete capital, giving us incremental flexibility to invest in our core businesses while generating strong returns for shareholders,” Pick added.\u00a0 <\/p>\n

Morgan Stanley’s stock price rose in early Wednesday trading after closing at a record high on Tuesday. Since the beginning of January, the stock has climbed more than 24%, outperforming its rivals. <\/p>\n

The AI boom and “the return of geopolitics” are defining 2026 activity, CEO Ted Pick said during a Wednesday call with analysts. <\/p>\n

Those two forces have turbocharged a cycle of Wall Street activities. More trading activity by institutions and retail investors is generating record quarters for their equity trading groups. AI-related IPOs, debt raising, big strategic mergers and other deals are throwing off hefty underwriting and advising fees. <\/p>\n

Morgan Stanley bagged a leading position taking rocket maker SpaceX (SPCX) public during the quarter. It and rival Goldman Sachs each earned a $100 million cut of the underwriting fee. <\/p>\n

The IPO activity helped the bank’s wealth management platform shatter expectations by bringing in a record $148 billion in net new assets, compared to $59.2 billion in the year ago quarter.\u00a0Revenue in that division rose 14% to $8.8 billion. <\/p>\n

David Hollerith covers a range of developments throughout the financial sector, from Wall Street to banking and asset management to crypto and fintech. Email him at david.hollerith@yahoofinance.com. Follow him on X at @DsHollers. <\/p>\n

Click here for in-depth analysis of the latest stock market news and events moving stock prices<\/a> <\/p>\n

Read the latest financial and business news from Yahoo Finance<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"An AI-powered trading and dealmaking binge boosted profits 58% at Morgan Stanley (MS) in the second quarter. On…\n","protected":false},"author":2,"featured_media":542697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,15586,246586,3468,85,46,4106,246927,11882,178944,60029,196],"class_list":["post-542696","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-earnings-per-share","tag-equity-trading","tag-goldman-sachs","tag-il","tag-israel","tag-morgan-stanley","tag-net-revenue","tag-record-highs","tag-reported-earnings","tag-stock-trading","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/542696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=542696"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/542696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/542697"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=542696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=542696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=542696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}