Morgan Stanley Jumps 4% At Open, Only Bank To See Stock Price Gains After Q2 Earnings

By Ciara LinnaneMarketsMarketWatch Pulse

Shares of Morgan Stanley jumped 4% at the open Wednesday, after the bank posted better-than-expected earnings for the second quarter and better trading revenue than many of its peers. Morgan Stanley is the only one of the big U.S. banks to post stock-price gains after earnings so far this season. The stock has gained 11% in 2017, while the Financial Select Sector SPDR exchange-traded fund has gained 7% and the S&P 500 has gained 10%.

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