Morgan Stanley (MS) posted strong second-quarter top- and bottom-line results despite sluggish growth in the bank's wealth-management business Tuesday.

The bank reported second-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.82 on revenue of $15.02 billion, topping analysts’ expectations of $1.64 per share and $14.26 billion, r▨espectively, per consensus compiled by Visible Alpha. Revenue rose 🧔12% year-over-year. 

Morgan Stanley’s wealth management division posted a 2% increase in revenue year-over-year to $6🦹.79 billion. The bank added $36.4 billion in net new assets, well below the $89.5 billion added in the year-ago quarter. 

The shares gained in recent trading, with Morgan Stanley stock up nearly 3%. The KBW Nasdaq Bank Index (BKX) was up about 2.6%.

Revenue from equity trading jumped 18% to $3.02 billion. Fixed-income revenue rose 16% to $1.99 billion and investment-banking revenue rocketed 51% to $1.62 billion. 

Morgan Stanley is the latest big bank to 澳洲幸运5官方开奖结果体彩网:beat expectations on both profit and revenue, joining Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) and Goldman Sachs (GS).