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.

Morgan Stanley shares rose Wednesday morning as the bank became the latest to surpass analyst estimates for the third quarter.

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.

(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'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.