International Companies
Wall Street boom sees profits surge at Morgan Stanley
By Abigail Townsend
Date: Wednesday 15 Jul 2026
(Sharecast News) - Morgan Stanley posted a sharp increase in quarterly profits on Wednesday, the latest Wall Street bank to benefit from buoyant global markets.
Second-quarter revenues came in at $21.3bn, up sharply on last year's $16.8bn, while net income soared to $5.6bn from $3.5bn, comfortably beating estimates for $4.7bn.
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