AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout - Yahoo Finance
Morgan Stanley reported record-breaking quarterly revenue driven by a surge in AI-related trading and dealmaking. The bank's performance capped a strong earnings week for major U.S. financial institutions.
Why it matters
Demonstrates the significant impact of the AI sector on traditional financial markets and banking profitability.
AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout David Hollerith · Senior Reporter Wed, July 15, 2026 at 8:21 AM EDT 2 min read MS -4.59% Trade MS on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
An AI-powered trading and dealmaking binge boosted profits 58% at Morgan Stanley ( MS ) in the second quarter.
On Wednesday, the Wall Street bank reported net income of $5.58 billion, or $3.46 per share. Net revenue soared 27% from the year-ago period to $21.35 billion. Both earnings per share and revenue are record highs for Morgan Stanley.
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