Bank of America and Morgan Stanley Earnings Boost Wall Street
Bank stocks, Morgan Stanley (MS) and Bank of America (BAC), have reached or are near record highs following the release of their earnings reports.
These bank stocks are setting a positive tone for the week, with numerous upbeat post-earnings reactions supporting Wall Street. Morgan Stanley (NYSE:MS) and Bank of America Corp (NYSE:BAC) are leading the charge, with options traders also showing interest.
- Morgan Stanley (MS) is up 6% to $164.92 after reporting adjusted third-quarter earnings of $2.80 per share and $18.22 billion in revenue, exceeding estimates.
- The stock reached a record high of $166.77 and is now 32.2% higher in 2025.
- Bank of America (BAC) is up 5.4% to trade at $52.
No specific quotes are available in the given text.
Options traders are active, with 52,000 calls changing hands, which is 12 times the average intraday amount, and more than triple the number of puts traded, focusing on the October 175 call.
Author's summary: Bank stocks drive Wall Street growth.
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