Morgan Stanley (NYSE:MS) on Wednesday reported second-quarter 2026 results that topped Wall Street estimates, driven by record performance in its Institutional Securities business, robust equity trading and a rebound in investment banking activity.
The results came as Wall Street's biggest banks benefited from buoyant markets and elevated volatility during the quarter.
Bloomberg reported that Morgan Stanley's stock traders surpassed analysts' expectations to post another quarterly record, extending the industry's second-quarter trading windfall.
The bank reported second-quarter 2026 earnings of $3.46 per share, up from $2.13 a year earlier and ahead of the analyst consensus estimate of $2.91.
Revenue rose 27% year over year to a record $21.35 billion, beating the consensus estimate of $19.64 billion.
