Bank of America and Morgan Stanley Earnings Boost Wall Street
Bank stocks, including Morgan Stanley (MS) and Bank of America (BAC), are at or near record highs following earnings reports.
Morgan Stanley reported adjusted third-quarter earnings of $2.80 per share on $18.22 billion in revenue, exceeding estimates. The stock reached a record high of $166.77 and is now 32.2% higher in 2025.
Bank of America Corp is up 5.4% to trade at $52. Options traders are actively trading, with 52,000 calls changing hands, 12 times the average intraday amount.
MS is 6% higher to trade at $164.92, with most attention at the October 175 call, where new positions are being bought to open.
- Morgan Stanley (MS) is up 6% to trade at $164.92
- Bank of America Corp (BAC) is up 5.4% to trade at $52
Author's summary: Bank stocks drive Wall Street gains.