Morgan Stanley profit rises as traders ride market turmoil July 16, 2025 at 6:30 AM (Reuters) Morgan Stanley's profit climbed as market volatility buoyed its trading desk, echoing secondquarter results among its Wall Street rivals. The investment bank posted net income of $3.5 billion, or $2.
- - - Morgan Stanley profit rises as traders ride market turmoil
July 16, 2025 at 6:30 AM
(Reuters) -Morgan Stanley's profit climbed as market volatility buoyed its trading desk, echoing second-quarter results among its Wall Street rivals.
The investment bank posted net income of $3.5 billion, or $2.13 per share, for the three months ended June 30, it said on Wednesday. That compares with $3.1 billion, or $1.82 per share, a year earlier.
Equity markets swung sharply during the quarter after U.S. President Donald Trump announced sweeping tariffs against major economies.
The turbulence spurred trading as investors repositioned their portfolios and hedged risks, driving gains in Morgan Stanley's trading business.
Revenue reached $16.8 billion in the second quarter, compared with $15 billion, a year earlier.
Dealmaking rebounded at the end of the quarter as some companies looked past tariff uncertainty and gained confidence to carry out IPOs, mergers and acquisitions.
Industry executives held up that optimism this week, anticipating that deals and stock market listings will pick up in the second half of the year.
Morgan Stanley CEO Ted Pick has maintained a positive view for the year, telling investors in June that deal discussions were persistent and ramping up.
Rival JPMorgan Chase beat Wall Street estimates for second-quarter profit on strong investment banking results a day earlier. Citigroup also reported a windfall from trading and investment banking.
(Reporting by Manya Saini in Bengaluru and Tatiana Bautzer in New York, editing by Lananh Nguyen and Sriraj Kalluvila)
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