Morgan Stanley stock rallied to a new record after the bank reported quarterly earnings that beat Wall Street’s expectations. Profit rose 32% to $3.19 billion. That amounted to $1.88 per share, which was better than expected.

I am bullish on IPOs and M&A coming back,” said the banks’ CEO. “It may take some time…I think these are going to be global, mature companies that are very much

Morgan Stanley traders and bankers joined the rest of their Wall Street rivals in posting better-than-expected revenue, fueling a 32% profit surge for the third quarter and sending the shares up the most this year.

Morgan Stanley (MS) stock climbed in premarket trading after the bank's Q3 earnings beat consensus as markets and underwriting businesses drove a surge in investment banking revenue.

Morgan Stanley's profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record. A revival in corporate debt issuance, initial public offerings (IPOs) and mergers has bolstered profits for Wall Street banks this year.

Morgan Stanley's stock accelerated to the upside after the opening bell, enough that buyers of the option strategy known as a straddle can make money. A [straddle is a pure volatility play](

The results cap off a series of earnings from big U.S. banks that showed investment banking businesses are humming again after high interest rates prompted an industry-wide slowdo

Morgan Stanley's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals.

Morgan Stanley’s stock rallied 2.9% into record territory in recent premarket trading, after the bank and broker reported third-quarter earnings that were well above expectations. Net income rose to $3.

Key Takeaways Morgan Stanley shares jumped Wednesday as the bank joined its competitors in posting better third quarter results than expected.Revenue, net interest income, and profits each rose year-over-year as investment banking and wealth management revenue surged.