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Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%
CNBC Television· 2026-07-15 13:30
with a beat on the top and bottom line here. The top line beating by about $2 billion and that's largely driven by the equities division, which also beat by $2 billion, up 69% to rake in $6.3% billion. That's in line with what we saw yesterday from the five big banks that reported and now this makes for six out of six of the big banks reporting beats on the top and bottom line.Obviously, that institutional securities division, that's the one that housing houses investment banking, sales and trading. That wa ...