Changes in US stocks | Bank stocks rise, Morgan Stanley (MS.US) stock price hits a record high

Zhitongcaijing · 10/16 14:25

The Zhitong Finance App learned that on Wednesday, the stock price of Morgan Stanley (MS.US) hit a record high. As of press release, the stock had risen nearly 8% to $121.12. According to the news, Morgan Stanley released financial results for the third quarter. The data showed that the company's net revenue for the third quarter was US$15.38 billion, higher than the expected value of US$14.35 billion, and its wealth management, trading, and investment banking revenue were all higher than expected.

Other bank stocks followed suit. Goldman Sachs (GS.US) rose 2.5%, Citibank (C.US) rose more than 2.6%, Bank of America (BAC.US) rose more than 1.7%, and Wells Fargo (WFC.US) rose more than 1%.