Morgan Stanley joins Wall Street stock trading frenzy, trading business sets new record

Golden Ten Data reported on July 15 that Morgan Stanley’s equity traders have significantly exceeded Wall Street expectations, setting a new quarterly record and further strengthening the sector’s massive gains in the second quarter, driven by booming markets and continued volatility. The company’s Q2 2026 equity trading revenue reached $6.3 billion, up 69% year-over-year, marking a historic high for the first quarter. In addition, its closely watched wealth management division saw net new assets of $148.1 billion, far surpassing analyst expectations. For Wall Street, the second quarter proved to be a period of explosive growth, with JPMorgan, Goldman Sachs, Bank of America, and Citigroup all posting record-high equity trading volumes, exceeding expectations. Following the record IPO of SpaceX, which was co-led by Morgan Stanley and Goldman Sachs, investment banking fees have also become a key market focus. Morgan Stanley’s equity underwriting fees reached $851 million, a 70% year-over-year increase. This pushed the bank’s total investment banking fees to $2.44 billion.