Morgan Stanley Reports 45% Q3 Profit Surge on $6.28B Trading Revenue

Morgan Stanley posted a 45% year-over-year increase in third-quarter profit, propelled by robust trading income and record advisory fees. Total trading revenue climbed to $6.28 billion, while dealmaking fees reached $2.1 billion, reflecting an upswing in capital markets activity. The bank’s wealth management segment also outperformed, offsetting minor headwinds from investment banking. Shares rose nearly 4% in pre-market trading following the announcement. Analysts highlighted the firm’s diversified income structure as a core strength amid volatile macro conditions, positioning it for sustained profitability into the next fiscal quarter.