{"id":34376,"date":"2025-07-16T12:01:49","date_gmt":"2025-07-16T12:01:49","guid":{"rendered":"https:\/\/financialrush.com\/?p=34376"},"modified":"2025-07-16T12:01:49","modified_gmt":"2025-07-16T12:01:49","slug":"morgan-stanley-profits-rise-15-as-wealth-and-trading-divisions-shine","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=34376","title":{"rendered":"Morgan Stanley profits rise 15% as wealth and trading divisions shine"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=80a80528-493d-49ed-a95e-0e090873d383\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Morgan Stanley reported a 15 per cent increase in second-quarter profits, boosted by higher revenues at its flagship wealth management business and gains at its trading division. <\/p>\n<p>The bank on Wednesday reported net income of $3.5bn for the three months to the end of June, beating analyst estimates of $3.2bn. <\/p>\n<p>The Wall Street <a href=\"https:\/\/www.ft.com\/banks\" data-trackable=\"link\">bank<\/a> said its wealth management business, which has about $6tn in client assets, was boosted by \u201chigher levels of client activity\u201d during the quarter, with revenues at the division jumping 14 per cent to $7.8bn compared with the same period last year. <\/p>\n<p>Net new assets at the closely watched wealth management business also came in at $59.2bn during the quarter. <\/p>\n<p>This was ahead of analysts\u2019 expectations for about $45.8bn and significantly higher than the $36.4bn it brought in during the second quarter last year. The figure is followed closely by investors as a gauge of the business\u2019s growth trajectory. <\/p>\n<p>\u201cThe management team is executing across the integrated firm, acting as a trusted adviser to clients and driving durable growth and long-term returns for our shareholders,\u201d said chief executive Ted Pick. <\/p>\n<p>Meanwhile, revenues at the bank\u2019s equities trading business jumped 23 per cent on the same period last year to $3.7bn, while fixed income trading climbed 9 per cent to $2.2bn, benefiting from the recent market turbulence. <\/p>\n<p>The robust performance of the trading business offset a 5 per cent decline in revenues at Morgan Stanley\u2019s investment banking division during the quarter, which it blamed in part on \u201clower completed M&amp;A transactions\u201d. <\/p>\n<p>Morgan Stanley was trading about 1 per cent lower in pre-market trading in New York.<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/80a80528-493d-49ed-a95e-0e090873d383\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this&hellip;\n","protected":false},"author":5,"featured_media":34377,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-34376","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34376"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/34377"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}