Morgan Stanley traders and bankers joined the rest of their Wall Street rivals in posting better-than-expected revenue, fueling a profit jump for the third quarter.

An investment banking surge at Morgan Stanley (MS) solidified a dealmaking revival across Wall Street, as the firm's profits in the third quarter exceeded analyst expectations. Fees from investment banking jumped 56% from a year ago,

I am bullish on IPOs and M&A coming back,” said the banks’ CEO. “It may take some time…I think these are going to be global, mature companies that are very much