Bank of America and Morgan Stanley Earnings Boost Wall Street
Bank stocks, including Morgan Stanley (MS) and Bank of America (BAC), have reached or are near record highs following the release of their earnings reports.
Morgan Stanley reported adjusted third-quarter earnings of $2.80 per share on $18.22 billion in revenue, exceeding estimates. This marks the largest earnings beat in five years for the company.
- Morgan Stanley (MS) is up 6% to trade at $164.92.
- The stock reached a record high of $166.77 and is now 32.2% higher in 2025.
- Bank of America (BAC) is up 5.4% to trade at $52.
Options traders are actively participating, with 52,000 calls changing hands, a volume 12 times the average intraday amount.
Most of the options attention is focused on the October 175 call, where new positions are being bought to open.
Author's summary: Bank stocks drive Wall Street gains.
More News
- In Review: Guillermo del Toro’s Frankenstein
- Premier League: Hearts back to winning ways, Aduana shine on the road, Bechem United break winless run
- Breaking: CSU fires head football coach Jay Norvell after uneven start to 2025
- The study that estimates the numbers of Russian dead in Ukraine at 219,000
- Redistricting Task Force grapples with Vermont's 'uniqueness'