Morgan Stanley, Bank of America Beat Estimates as Trading Activity Surges

BloombergWednesday, October 15, 2025 at 1:43:29 PM
Morgan Stanley, Bank of America Beat Estimates as Trading Activity Surges
Morgan Stanley and Bank of America have both exceeded Wall Street's expectations for their third quarter earnings, marking a significant achievement for Morgan Stanley as its trading revenue has finally outpaced that of Goldman Sachs, a long-time leader in the equity-trading sector. This shift not only highlights Morgan Stanley's growing strength in trading but also reflects a broader trend of increased trading activity in the market. Bank of America also reported strong earnings driven by higher investment banking revenue, showcasing resilience in the financial sector.
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