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.

Morgan Stanley traders and bankers joined the rest of their Wall Street rivals in posting better-than-expected revenue, fueling a 32% profit surge for the third quarter and sending the shares up the most this year.

Morgan Stanley (MS) stock climbed in premarket trading after the bank's Q3 earnings beat consensus as markets and underwriting businesses drove a surge in investment banking revenue.

Morgan Stanley's profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record.

After a bumper crop of trading results and a gradual rebound in investment banking, Wall Street’s bankers are hoping to cash in on the windfall when bonus season comes around.

Ted Pick, Morgan Stanley CEO, joins 'Squawk on the Street' to discuss the biggest holdup for the capital market recovery, if interest rates will get to a level that will reignite the IPO market, and much more.

Wall Street's main indexes were on track for a muted open on Wednesday, following a selloff in tech and oil stocks in the previous session, as investors parsed quarterly results from banks including Morgan Stanley.

Morgan Stanley traders and bankers joined the rest of their Wall Street rivals in posting better-than-expected revenue, fueling a 32% profit surge for the third quarter and sending the shares up the most in almost four years.

Morgan Stanley's profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its shares up more than 3.5% before the market open. A revival in corporate debt issuance,

Key Takeaways Morgan Stanley shares jumped Wednesday as the bank joined its competitors in posting better third quarter results than expected.Revenue, net interest income, and profits each rose year-over-year as investment banking and wealth management revenue surged.