Morgan Stanley tops quarterly estimates as equity trading revenue surges 45%

People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City.

Spencer Platt | Getty Images

Morgan Stanley on Friday reported first-quarter results that topped estimates as equity trading revenue surged 45% amid rising global volatility.

Here’s what the company reported:

Earnings: $2.60 a share vs. $2.20 a share LSEG estimate
Revenue: $17.74 billion vs. expected $16.58 billion

Shares of Morgan Stanley, like those of its peers, have whipsawed in recent days as President Donald Trump’s trade policies have increased concern that the U.S. was headed for a recession.

The bank’s massive wealth management business will be helped by high stock market values in the first quarter, which inflates the management fees it collects.

Analysts will want to ask about the outlook for investment banking activity, which may be curtailed amid the tensions.

This story is developing. Please check back for updates.

Source

Goldman Sachs acquires ETF firm for billion in latest deal to bolster asset management division

Business

Goldman Sachs acquires ETF firm for $2 billion in latest deal to bolster asset management division

December 1, 2025

David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division. Goldman said the acquisition, expected to close in the […]

Business

The warehouse real estate sector is seeing a rebalance. Here’s what to watch for

November 28, 2025

A large industrial warehouse features rows of shelves stacked with packages, while two workers in safety gear are walking and inspecting the storage. Utilized space exemplifies efficiency and systematic inventory management. Witthaya Prasongsin | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property […]

Business

‘To sustain the ride, they started to dilute it’: How Black Friday became a retail letdown

November 28, 2025

Black Friday early morning shoppers rush in as the doors are opened at a Walmart store in Fairfax, Virginia, Nov. 28, 2008. Gerald Martineau | The Washington Post | Getty Images Black Friday has long been defined by massive crowds, rock-bottom prices and rabid consumers willing to bite, scratch and claw their way to the […]