On Wednesday, Morgan Stanley’s stock rallied to a record after the bank reported better-than-expected quarterly earnings. Its wealth-management unit broke a four-quarter streak of year-over-year declines,

Morgan Stanley will be the next big bank to report results on Wednesday, along with several regionals. MarketWatch will be breaking down the latest earnings live.

(Reuters) - Morgan Stanley's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals. The investment bank reported a profit of $3.19 billion on Wednesday, or $1.88 per share, for the three months ended Sept. 30. That compares with $2.41 billion, or $1.38 per share, a year ago.

Morgan Stanley stock rallied to a new record after the bank reported quarterly earnings that beat Wall Street’s expectations. Profit rose 32% to $3.19 billion. That amounted to $1.88 per share, which was better than expected.

Morgan Stanley's stock was surging 7.4% in recent trading toward a record high and its biggest gain in four years in the wake of a big earnings beat. The gain was enough to lead the Fi

Morgan Stanley's profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record.