Morgan Stanley’s trading business sets another quarterly record, with trading revenue reaching $6.3 billion, up 69% year over year

BlockBeats message, July 15: A stock trader at Morgan Stanley delivered performance that greatly exceeded Wall Street expectations, again setting a quarterly record. Morgan Stanley’s 2026 second-quarter equity trading revenue reached $6.3 billion, up 69% year over year, setting a new quarterly historical high. In addition, its highly watched wealth management business recorded net new assets of $148.1 billion, far exceeding analysts’ expectations.

For Wall Street, the second quarter saw explosive growth in performance. The equity trading figures of JPMorgan, Goldman Sachs, Bank of America, and Citigroup all exceeded expectations, reaching historical highs. After Morgan Stanley and Goldman Sachs jointly led the completion of SpaceX’s record-breaking initial public offering (IPO), investment banking fees also became a key focus for the market. Morgan Stanley’s stock underwriting fees reached $851 million, up 70% year over year. This pushed the bank’s total investment banking fees to $2.44 billion.