Remember March? When oil was ripping, the Strait of Hormuz was blockaded, and every market strategist on TV was warning about a generational shock?
Morgan Stanley‘s (NYSE:MS) trading desks apparently took notes — and then took the other side.
- MS stock is moving. See the chart and price action here.
Morgan Stanley Record Trading Revs
The firm reported Wednesday that it pulled in $5.15 billion from equity trading in the first three months of 2026, a single-quarter record for the segment.
Fixed income added another $3.36 billion.
Put those together and the Institutional Securities division cleared $10.7 billion in net revenue, the best three-month run it has ever reported.
The top-line numbers are just as striking. Total net revenue hit $20.6 billion — the …