Morgan Stanley posts biggest earnings beat in nearly 5 years with record quarterly revenue of $18.2 billion, shares up 4.7%
PositiveFinancial Markets

Morgan Stanley has reported its largest earnings beat in almost five years, achieving a record quarterly revenue of $18.2 billion, which has led to a 4.7% increase in its shares. This impressive performance highlights the strength of the capital markets, as noted by CEO Ted Pick, who emphasized that the 'capital markets flywheel is taking hold.' This news is significant as it reflects the overall health of the financial sector and could indicate a positive trend for investors.
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