Benzinga
  • 5 months ago
Morgan Stanley's investment banking fees jumped more than 50% from a year ago, as dealmaking revived on Wall Street. Morgan Stanley's CEO said, "A number of folks have been calling for this" Wall Street dealmaking rebound for some time. Overall profits at Morgan Stanley increased due to higher investment banking and trading revenues. Investment banking revenues increased significantly at JPMorgan Chase, Wells Fargo, Goldman Sachs, and Bank of America. Morgan Stanley's stock price rose slightly after the earnings report.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Morgan Stanley's investment banking fees jumped more than 50% from a year ago as deal-making
00:07saw a revival on Wall Street.
00:09Morgan Stanley's CEO said a number of folks have been calling for this, Wall Street deal-making
00:14rebound for some time.
00:16Overall profits at Morgan Stanley increased due to higher investment banking and trading
00:19revenues.
00:21Investment banking revenues also increased significantly at JPMorgan Chase, Wells Fargo,
00:25Goldman Sachs, and Bank of America.
00:27Morgan Stanley's stock price rose slightly after the earnings report.
00:30For all things money, visit Benzinga.com.

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