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

Bloomberg•Wednesday, October 15, 2025 at 1:43:29 PM
PositiveFinancial Markets
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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