US Stocks Move | Morgan Stanley rises 4.5% to a record high, Q4 investment banking revenue surges 47% year-on-year

Glonghui, January 15｜Morgan Stanley (MS.US) rose 4.5%, reaching a record high of $188.94. In terms of news, Morgan Stanley's net revenue for Q4 2025 was $17.9 billion, up 10% year-on-year; among this, debt underwriting income surged 93%, driving total investment banking revenue to increase 47% year-on-year to $2.41 billion. For the full year, revenue increased 14% year-on-year to $70.6 billion, earnings per share rose 28% year-on-year to $10.21, and ROTCE reached 21.6%, a significant improvement from last year's 18.8%. (Glonghui)