Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Morgan Stanley profits increase 58% driven by investment banking and wealth management growth.

Financial Times ·
MSSPCX
  • Morgan Stanley's quarterly profits jumped 58% as the bank benefited from a resurgence in Wall Street activity.
  • The bank's equities trading revenue rose nearly 70% to reach $6.3 billion, surpassing expectations.
  • The wealth management division saw a boost specifically attributed to clients from SpaceX.

Quotes

“Morgan Stanley wealth management boosted by SpaceX millionaires”— Financial Times

Sources

Morgan Stanley profits increase 58% driven by investment banking and wealth management… — Heurist Finance