Morgan Stanley(US:MS) Ge Long Hui A P P·2025-10-15 12:10Core Viewpoint - Morgan Stanley's Q3 stock trading revenue significantly exceeded expectations, benefiting from market volatility driven by Trump policies, outperforming peers like Goldman Sachs [1] Group 1: Financial Performance - Morgan Stanley's Q3 stock trading revenue surged by 35% to $4.12 billion, far surpassing the analyst forecast of a 6.6% increase [1] - Investment banking fees rose by 44% year-over-year, exceeding market expectations [1] - The wealth management division attracted $81 billion in new funds during the quarter, with a pre-tax profit margin of 30%, also above analyst estimates [1] Group 2: Competitive Position - Morgan Stanley is actively working to reclaim its position as a leader in the global stock trading market, which has been dominated by Goldman Sachs in recent years [1]