New Delhi, July 15 -- Morgan Stanley reported better-than-expected second-quarter earnings on Wednesday, with record revenue driven by a surge in investment banking activity and robust trading performance amid heightened market volatility.

The bank's shares were little changed on Wednesday. The stock has climbed 28.5% so far in 2026.

Morgan Stanley also achieved a long-standing milestone by surpassing $10 trillion in wealth management assets. The growth was supported by stock compensation plans for employees of companies that completed initial public offerings during the quarter.

The bank expects further inflows into its wealth management business, noting that it manages stock plans for 70% of the world's 100 largest unicorns-privately...