MORGAN STANLEY EQUITIES DESK SURGES 41 PERCENT

Morgan Stanley's equities trading revenue jumped 41% year-over-year to $5.8 billion in the third quarter of 2026, according to the bank's earnings release. Fixed income trading moved the other way, falling 7% to $2.01 billion over the same period. The split helped push total net revenue up 12% to $20.3 billion, and the bank declared a $1.15 per share dividend. Stock trading, not bonds, is doing the heavy lifting at $MS this year.