Bank Earnings Clear Path for Stock Record Highs

Published: 2026-04-15 16:23:13 ET MS

Published on 04/15/2026 at 04:23 pm EDT

The firm took in $5.15 billion from equity trading in the first three months of the year, according to a statement on Wednesday. The 25% jump came in ahead of expectations and boosted total trading revenue to $8.51 billion. Morgan Stanley's (MS) closely watched wealth business pulled in $118.4 billion in net new assets, more than expected. As Bank of America Corp.'s (BAC) stock-trading desk set a record, riding a wave of volatility that helped push the bank's earnings to the highest in nearly two decades. Bloomberg's Herman Chan joins to discuss these two big bank earnings.

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