**[Morgan Stanley Joins Wall Street Stock Trading Frenzy, Trading Business Sets New Record]** According to Golden Finance, on July 15, Morgan Stanley's stock traders significantly outperformed Wall Street expectations, setting another quarterly record and further solidifying the industry's massive gains in the second quarter driven by market booms and sustained volatility. The company's Q2 2026 stock trading revenue reached $6.3 billion, a 69% year-over-year increase, marking a historic high for the first quarter. Additionally, its highly-watched wealth management business saw net new assets of $148.1 billion, far exceeding analysts' expectations. For Wall Street, the second quarter was marked by explosive performance growth, with stock trading volumes at JPMorgan Chase, Goldman Sachs, Bank of America, and Citigroup all surpassing expectations and hitting record highs. Following Morgan Stanley and Goldman Sachs' joint leadership in completing SpaceX's record-breaking initial public offering (IPO), investment banking fees have also become a focal point in the market. Morgan Stanley's equity underwriting fees reached $851 million, a 70% year-over-year increase. This drove the bank's total investment banking fees to $2.44 billion.