New Delhi, Oct. 15 -- Morgan Stanley delivered a stellar performance in the third quarter, which ended 30 September 2025, with its stock trading division soaring past Wall Street expectations and successfully outpacing key rivals amid a surge in market activity.

The firm's equity trading revenue, the headline result, surged 35 per cent year-on-year to reach $4.12 billion, according to the bank's statement released on Wednesday. This result emphatically exceeded analyst estimates of a 6.6 per cent increase, and more significantly, beat Goldman Sachs Group Inc.'s comparable $3.74 billion figure. This is a crucial win for Morgan Stanley, which, under Chief Executive Officer Ted Pick, has been vocal about its ambition to reclaim the top spot...