Core Insights - Morgan Stanley reported exceptional third-quarter earnings, significantly exceeding Wall Street forecasts, driven by strong performance in its stock trading desk [1][4][5] Financial Performance - Profit surged 45% year-over-year to $4.61 billion, translating to $2.80 per share, surpassing expectations of $2.10 per share [4] - Revenue increased 18% to a record $18.22 billion, up from $15.4 billion last year, and above analyst estimates [5] - Total trading revenue reached $6.29 billion, exceeding estimates of $5.5 billion, with equities trading revenue jumping 35% to $4.12 billion [1][11] Business Segments - Fixed income trading rose 8% to $2.17 billion, while investment banking revenue jumped 44% to $2.11 billion, about $430 million more than expected [11] - Wealth management revenue increased 13% to $8.23 billion, exceeding expectations by approximately $500 million [11] Market Context - The strong earnings were supported by an active trading environment, high trading volumes, and a resurgence in mergers and IPOs, with stocks near record highs [5][12] - Other major banks, including Bank of America, JPMorgan Chase, and Goldman Sachs, also reported earnings that beat expectations, indicating a favorable environment for Wall Street banks [15]

5/ 📊 Market dynamicsTotal market cap: rose by 3.8%, surpassing $4 trillionDaily trading volumes: fell by 7.5% to around $149 billionRead more 👉 https://t.co/cBW04tucVT ...