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Morgan Stanley profits surge as dealmaking rebounds
Morgan Stanley beats estimates as revived dealmaking lifts investment banking revenue and overall profitability, signalling improved capital market activity despite lingering macroeconomic uncertainty.
Morgan Stanley reported a sharp rise in the quarterly profit as investment banking activity recovered strongly. Revenue climbed to $70.65 billion, supported by a 47% jump in investment banking revenue to $2.41 billion. Advisory and underwriting volumes improved as capital markets reopened. Executives said deal pipelines remain active heading into the 2026 despite macro uncertainty and cautious corporate spending across sectors globally.