Investment Banking

Morgan Stanley’s investment bank notches record quarter as stock trading surges

The Wall Street bank has been buoyed by a 45% increase in equity trading fees as US president Donald Trump’s policies prompt market swings

Ted Pick, chief executive of Morgan Stanley, is trying to navigate an increasingly volatile geopolitical picture
Ted Pick, chief executive of Morgan Stanley, is trying to navigate an increasingly volatile geopolitical picture Photo: Hollie Adams/Getty Images

Morgan Stanley’s investment bank notched a record quarter as stock trading revenue surged on the back of market volatility prompted by US president Donald Trump’s policies.

The Wall Street bank followed rival JPMorgan with record revenue within its equities trading division, which jumped 45% to $4.2bn.

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