Morgan Stanley Stock Trading Revenue Hits Record $6.3 Billion in Q2 2026, Up 69%

Morgan Stanley's stock traders significantly exceeded Wall Street expectations, setting another quarterly record and reinforcing the industry's substantial gains from market buoyancy and sustained volatility in the second quarter. According to Jin10, the company's equity trading revenue reached $6.3 billion in the second quarter of 2026, a 69% increase year-over-year, surpassing the previous record set in the first quarter. Its closely watched wealth management business saw net new assets of $148.1 billion, far exceeding analyst forecasts. For Wall Street, the second quarter was marked by explosive growth, with JPMorgan Chase, Goldman Sachs, Bank of America, and Citigroup all reporting equity trading volumes that exceeded expectations and hit record highs. Following Morgan Stanley and Goldman Sachs jointly leading SpaceX's record-breaking initial public offering (IPO), investment banking fees also became a market focus. Morgan Stanley's equity underwriting fees reached $851 million, up 70% year-over-year, pushing the bank's total investment banking fees to $2.44 billion.