Morgan Stanley’s stock rose 1.2% early Friday, after the bank’s first-quarter earnings topped consensus estimates, boosted by a record performance in stock trading. The stock has been volatile in recent sessions as President Donald Trump’s tariffs have created unprecedented U.

Morgan Stanley (MS) posted better-than-expected first-quarter results on the back of record stock-trading revenue amid volatile markets. The bank reported earnings per share (EPS) of $2.60 on record revenue of $17.

Morgan Stanley’s MS first-quarter 2025 earnings of $2.60 per share handily outpaced the Zacks Consensus Estimate of $2.23. The bottom line also rose 28.7% from the prior-year quarter. See the Zacks Earnings Calendar to stay ahead of market-making news.