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. This week, a slew of upbeat post-earnings reactions is propping up Wall Street.
Morgan Stanley (NYSE:MS) reported adjusted third-quarter earnings of $2.80 per share on $18.22 billion in revenue, exceeding estimates. The stock is 6% higher, trading at $164.92, with a record high of $166.77, and is now 32.2% higher in 2025.
Bank of America Corp (NYSE:BAC) is up 5.4% to trade at $52. Options traders are actively trading, with 52,000 calls changing hands, 12 times the average intraday amount, and more than triple the number of puts traded.
Most of this attention is at the October 175 call, where new positions are being bought to open.
- Morgan Stanley (MS) is 6% higher, trading at $164.92
- Bank of America Corp (BAC) is up 5.4% to trade at $52
Author's summary: Bank stocks drive Wall Street gains.