Bank of America and Morgan Stanley Earnings
Bank stocks, including Morgan Stanley (MS) and Bank of America (BAC), are at or 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 6% higher, trading at $164.92.
- The stock reached a record high of $166.77 and is 32.2% higher in 2025.
- Bank of America (BAC) is up 5.4%, trading at $52.
Options traders are actively participating, with 52,000 calls changing hands, a volume 12 times the average intraday amount.
Most of the attention is focused on the October 175 call, where new positions are being bought to open.
Autor's resume: Bank stocks prop up Wall Street.
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