Better-Than-Expected Trading Drives Morgan Stanley's Q2 Earnings

Key Takeaways MS reported Q2 EPS of $2.13 and net revenues of $16.79B, beating estimates and rising year over year. Trading revenues surged on tariff-fueled volatility, with equity trading up 23% and fixed income up 9%. Wealth Management revenues rose 14%, while IB fees fell 5% due to subdued deal-making and debt underwriting.Morgan Stanley’s (MS)  second-quarter 2025 earnings per share of $2.13 handily surpassed the Zacks Consensus Estimate of $1.93. The figure also compared favorably with $1.82 per shar ...