Morgan Stanley stock jumps after earnings beat as dealmaking fees surge
Morgan Stanley shares rose 5.8% to $191.23 after U.S. markets closed Thursday, following better-than-expected fourth-quarter profits driven by stronger dealmaking. Investment banking revenue surged 47% to $2.41 billion. CFO Sharon Yeshaya told Reuters she sees an “accelerating pipeline” in M&A and IPOs — mergers and acquisitions and initial public offerings. The stock has climbed about 41% in 2025, trailing Goldman Sachs but outpacing the S&P 500.
