Morgan Stanley Outperforms Q3, Driven By Trump-Era Market Volatility And Strong Equity-Trading Revenue Growth

Benzinga

Morgan Stanley’s Q3 trading revenue jumped 35% to $4.12B, topping Goldman and driving shares up 3.9%. Strong trading, banking, and wealth inflows highlight Ted Pick’s strategy as Trump-era volatility boosts market activity.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Morgan Stanley's stock traders outperform expectations in the third quarter,

00:06leading the industry as Trump's market policies fueled volatility.

00:09That according to Bloomberg, equity trading revenue surged 35% to $4.12 billion,

00:14surpassing analyst estimates and topping Goldman Sachs $3.74 billion.

00:18Investment banking fees rose 44%, and wealth management brought in $81 billion in new assets

00:23with a 30% pre-tax margin.

00:25Total trading revenue reached $6.29 billion, exceeding the $5.5 billion forecast.

00:31Wealth management generated $8.2 billion, also beating estimates.

00:35CEO Ted Pick's focus on trading strength and discipline expansion comes as Morgan Stanley

00:39faces a lower capital requirement following a Federal Reserve reassessment.

00:44Shares rose 3.9% Wednesday and are up 24% this year.

00:47For all things money, visit Benzinga.com.

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