Morgan Stanley posted record equity trading revenue of $6.3 billion in the second quarter of 2026, a 69 percent increase from the same period a year earlier. The performance exceeded analyst projections and highlighted the benefits of elevated market activity and volatility for major Wall Street institutions.
The wealth management division attracted net new assets of $148.1 billion, well above expectations. Investment banking fees rose to $2.44 billion, supported by equity underwriting revenue of $851 million, up 70 percent year on year. The results align with broader trends across the sector, where several large banks reported strong trading volumes and new highs.
Morgan Stanley participated alongside Goldman Sachs in leading the recent initial public offering of SpaceX, contributing to focus on capital markets activity. The quarter's outcomes reflect sustained client engagement in equities amid favorable trading conditions.
The wealth management division attracted net new assets of $148.1 billion, well above expectations. Investment banking fees rose to $2.44 billion, supported by equity underwriting revenue of $851 million, up 70 percent year on year. The results align with broader trends across the sector, where several large banks reported strong trading volumes and new highs.
Morgan Stanley participated alongside Goldman Sachs in leading the recent initial public offering of SpaceX, contributing to focus on capital markets activity. The quarter's outcomes reflect sustained client engagement in equities amid favorable trading conditions.