摩根士丹利财报：股权交易收入超预期，股价上涨

Equities again the bright spot for Morgan Stanley here. And really not such a surprise given what we saw from Goldman yesterday. We know, of course, that Goldman and Morgan Stanley have really been the ones trailing each other when it comes to equities trading revenue. Goldman of course, though, beating Morgan Stanley when it comes to trading revenue over the last couple of years. The number to beat of course from Goldman yesterday was $6.4 billion.

Morgan Stanley did quite get there, but still that revenue figure of $5.8 billion versus an estimate of $4.9 billion. That's really not too shabby at all. And again, we're seeing that in the share gains this morning. Now up about 4/10 of 1%. You know that disappointment from the fake number very much a theme for bank earnings this season. But because Morgan Stanley is so skewed towards equities trading, that really is more than enough to offset some of that disappointment when it comes to the fake revenue.

And that's probably why we're seeing that stock rising this morning John. Christine thank you. That stock is up by 7/10 of 1% so far this morning. This from ten pick. The CEO is a direct quote from him. Institutional securities benefited from global strength led by equity franchise and wealth management. Reported record revenues and added 232 billion net new assets and 80 billion of fee based flows across wealth and investment management.

Total client assets grew to 10.5 trillion. Demonstrating the scan of our platform and the strength of our franchise.