Beyond just trading of stocks and bonds, there's a much more important growth engine emerging.
After an overhaul of its bond trading business two years ago, Morgan Stanley is beating rival Goldman at its own game.
Morgan Stanley reports second quarter earnings that soundly top expectations, helped by profits from its wealth management business.
Marty Mosby, Vining Sparks director of bank & equity strategies, and Anton Schutz, Mendon Capital portfolio manager, discuss the earnings releases from the big banks and what's expected for the financial sector for the rest of the year.
CNBC's Bob Pisani takes a look at what's moving in early morning trading, including a jump in shares of Morgan Stanley after the big bank posted a better-than-expected quarter.
Analysts continue to lower their views on the prospects for Goldman Sachs as the firm struggles to cope with a tough trading environment.
The "Squawk on the Street" crew sift through Morgan Stanley's better-than-expected quarterly results.
U.S. stock index futures pointed to a higher open as investors brace themselves for another slew of corporate earnings reports.
Some of the names on the move ahead of the open.
CNBC's Wilfred Frost breaks down Morgan Stanley's quarterly numbers which posted EPS of $0.87 on revenues on $9.503 billion.
Goldman Sachs was expected to post earnings of $3.39 per share on revenue of $7.52 billion, according to analysts polled by Thomson Reuters.
Bank stocks could see further upside if the yield curve steepens and inflation picks up, says Strategic Wealth Partners' Mark Tepper.
Good earnings and clarity on tax reform can likely send the S&P 500 10 percent higher, according to Morgan Stanley's Michael Wilson.
Stocks start the earnings season at record highs, and now it's up to corporate America to keep the rally going.
Once a driver of big profit, big bank trading desks are suffering from a lack of activity.
A bevy of big banks is set to report earnings next week, and equity strategist Matt Maley will be watching the market reaction very closely.
Singapore's Global Logistic Properties agreed to be acquired by a Chinese private equity consortium for about 16 billion Singapore dollars ($11.6 billion).
Morgan Stanley's Andrew Slimmon sees the Fed raising rates too quickly as his biggest worry going forward.
Morgan Stanley downgrades Snap stock to equal weight from overweight and slashes its price target to $16 from $28.
In early Friday trade, shares of troubled commodity trader Noble Group retraced a bit of their more than 36 percent surge on Thursday.