Bank of America and Morgan Stanley Earnings
Bank stocks, including Morgan Stanley (MS) and Bank of America (BAC), are at or near record highs after earnings reports. These banks are setting the tone for the week with positive post-earnings reactions, supporting Wall Street.
Morgan Stanley (NYSE:MS) 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. The stock reached a record high of $166.77 and is currently 32.2% higher in 2025.
Bank of America Corp (NYSE:BAC) is also up, trading 5.4% higher at $52. Options traders are actively participating, with 52,000 calls changing hands, which is 12 times the average intraday amount and more than triple the number of puts traded.
The largest earnings beat in five years
- Morgan Stanley (MS) is 6% higher, trading at $164.92
- Bank of America Corp (BAC) is up 5.4%, trading at $52
Author's summary: Bank stocks drive Wall Street gains.
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