U.S. Stock Market News | Bank stocks rise, Morgan Stanley's stock price hits a historic high
On Wednesday, Morgan Stanley's stock price hit a historic high, rising nearly 8% to $121.12 as of the time of writing. On the news front, Morgan Stanley released its third-quarter financial report, with data showing a net revenue of $15.38 billion for the third quarter, higher than the expected $14.35 billion. The revenue from its wealth management, trading, and investment banking businesses all exceeded expectations. Other bank stocks followed suit, with Goldman Sachs rising 2.5%, Citigroup up over 2.6%, Bank of America up over 1.7%, and Wells Fargo up over 1%
According to the Wise Finance APP, on Wednesday, Morgan Stanley (MS.US) stock price hit a record high, rising nearly 8% to $121.12 as of the time of publication. On the news front, Morgan Stanley released its third-quarter financial report, with data showing a net revenue of $15.38 billion in the third quarter, higher than the expected $14.35 billion, with revenues from its wealth management, trading, and investment banking businesses all exceeding expectations.
Other bank stocks followed suit with gains, with Goldman Sachs (GS.US) up 2.5%, Citigroup (C.US) up over 2.6%, Bank of America (BAC.US) up over 1.7%, and Wells Fargo (WFC.US) up over 1%