Morgan Stanley reports strong second-quarter results driven by a surge in equities trading. According to Quartz, equities trading revenue rises 69% to $6.3 billion, lifting total revenue to $21.35 billion. The Financial Times reports that the firm’s profit increases 58%, describing the performance as another indication of a broader Wall Street boom. Together, the accounts show that trading activity—particularly equities—forms a major part of the earnings momentum for the investment bank. Both outlets present the results as exceeding expectations, with the firm posting record levels for revenue and profit. While the specific drivers beyond equities trading are not detailed in the provided excerpts, the cited figures consistently attribute the improvement to higher trading revenues. The company’s outcome also reflects the current market environment, where elevated trading volumes and investor activity are translating into larger income for investment banks. No additional context on guidance, costs, or changes to other revenue lines is included in the excerpts.