Morgan Stanley(US:MS) 智通财经网·2025-10-15 14:38Core Viewpoint - US bank stocks experienced a significant rally, with Morgan Stanley leading the gains following strong Q3 earnings that exceeded expectations, particularly in investment banking and equity trading [1] Group 1: Morgan Stanley - Morgan Stanley's Q3 net revenue reached $18.22 billion, representing an 18% year-over-year increase, surpassing the estimated $16.64 billion [1] - The company's earnings per share (EPS) for Q3 were $2.80, with a return on equity of 18%, exceeding the forecast of $13.4 [1] - Investment banking revenue grew by 44% year-over-year, totaling $2.108 billion, while equity sales and trading revenue was $4.12 billion, significantly above the expected $3.41 billion [1] Group 2: Bank of America - Bank of America's Q3 performance also exceeded expectations, driven by a resurgence in merger and acquisition activity that boosted investment banking growth [1] - The bank reported Q3 revenue of $28.09 billion, reflecting an 11% year-over-year increase, with an EPS of $1.06, higher than market predictions [1]