15 Oct 2025 | 3 Mins Read
Morgan Stanley tops Goldman Sachs in record equity trading quarter
Flipitmoney
Morgan Stanley delivered a stellar Q3 2025, surpassing Wall Street expectations with a 35% year-on-year increase in equity trading revenue to $4.12 billion, outpacing Goldman Sachs. Total revenue reached $18.2 billion, beating estimates, but saw a 10% increase in expenses. Stock prices rose 4% pre-market, with a 24% year-to-date increase.