Morgan Stanley reported second-quarter results that exceeded Wall Street expectations with earnings per share at $2.13 compared to $1.96 expected, and revenue at $16.79 billion versus $16.07 billion expected. Net income rose 13% to $3.5 billion, with institutional securities reporting net revenues of $7.64 billion. CEO Ted Pick expressed satisfaction with the bank’s strong performance. Wealth management also saw positive growth with net revenues of $7.76 billion. The bank’s stock has risen more than 12% this year, outperforming the S&P 500.

Read more at CNBC: Morgan Stanley MS earnings Q2 2025