Morgan Stanley's stock trading business revenue once again set a new quarterly record, significantly exceeding Wall Street expectations. Driven by strong market performance and continued fluctuations, the stock trading business of major Wall Street banks generally had a good harvest in the second fiscal quarter. According to a statement issued by Morgan Stanley on Wednesday, the company's stock trading revenue for the quarter reached 6.3 billion US dollars, an increase of 69%, breaking the record high set in the first fiscal quarter. Furthermore, its much-publicized wealth management business achieved net new assets of US$148.1 billion, far higher than analysts' expectations. Morgan Stanley's results also put an end to the second-fiscal quarter earnings season for major US banks. This season can be called Wall Street's “harvest season”. J.P. Morgan Chase, Goldman Sachs, Bank of America, and Citigroup all surpassed market expectations and reached record highs.

Morgan Stanley's stock trading business revenue once again set a new quarterly record, significantly exceeding Wall Street expectations. Driven by strong market performance and continued fluctuations, the stock trading business of major Wall Street banks generally had a good harvest in the second fiscal quarter. According to a statement issued by Morgan Stanley on Wednesday, the company's stock trading revenue for the quarter reached 6.3 billion US dollars, an increase of 69%, breaking the record high set in the first fiscal quarter. Furthermore, its much-publicized wealth management business achieved net new assets of US$148.1 billion, far higher than analysts' expectations. Morgan Stanley's results also put an end to the second-fiscal quarter earnings season for major US banks. This season can be called Wall Street's “harvest season”. J.P. Morgan Chase, Goldman Sachs, Bank of America, and Citigroup all surpassed market expectations and reached record highs.