Morgan Stanley Reports Record Revenue Amid AI Stock Frenzy
Morgan Stanley reported a significant increase in profits and revenue for Q2 2026, driven by an AI stock frenzy. The bank's net income rose to $5.58 billion with earnings per share at $3.46, both record highs. This performance capped off strong results from major U.S. banks.
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Topics: AI trading bank earnings blowout Morgan Stanley Wall Street performance