Morgan Stanley joins Wall Street stock trading frenzy, trading business sets new record
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Golden Ten Data reported on July 15 that Morgan Stanley’s equity traders have significantly exceeded Wall Street expectations, setting a new quarterly record and further strengthening the sector’s massive gains in the second quarter, driven by booming markets and continued volatility. The company’s Q2 2026 equity trading revenue reached $6.3 billion, up 69% year-over-year, marking a historic high for the first quarter. In addition, its closely watched wealth management division saw net new assets of $148.1 billion, far surpassing analyst expectations. For Wall Street, the second quarter proved to be a period of explosive growth, with JPMorgan, Goldman Sachs, Bank of America, and Citigroup all posting record-high equity trading volumes, exceeding expectations. Following the record IPO of SpaceX, which was co-led by Morgan Stanley and Goldman Sachs, investment banking fees have also become a key market focus. Morgan Stanley’s equity underwriting fees reached $851 million, a 70% year-over-year increase. This pushed the bank’s total investment banking fees to $2.44 billion.
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