Morgan Stanley posts Q2 results
As Wall Street’s biggest banks delivered blowout second-quarter results, Morgan Stanley played a leading role in taking SpaceX public during the quarter, sharing a $100 million underwriting fee with Goldman Sachs.
Pick framed the macro environment in direct terms during a call with analysts: the AI boom and what he called “the return of geopolitics” are the defining forces of 2026 activity.
JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs reported Q2 2026 earnings Tuesday that cleared Wall Street’s forecasts by wide margins, driven by surging equities trading revenue and resilient consumer credit quality.https://t.co/4LaOjkAIqT
— Mortgage Professional America Magazine (@MPAMagazineUS) July 14, 2026
Wealth management lending grows as mortgage market stalls
Morgan Stanley’s wealth management division, its largest by revenue, grew 14% to $8.86 billion, supported by rising asset levels and an expansion in deposits and lending.
The platform attracted a record $148 billion in net new assets during the quarter, compared with $59.2 billion in the same period a year earlier.
Chief financial officer Sharon Yeshaya said more than half of those inflows originated from employees at companies that completed initial public offerings during the quarter.
