.Ted Choose, CEO Morgan Stanley, communicating on CNBC's Squawk Container at the Planet Economic Forum Annual Fulfilling in Davos, Switzerland on Jan. 18th, 2024. Adam Galici|CNBCMorgan Stanley mentioned second-quarter revenue and revenue topped analysts' estimations on stronger-than-expected trading and also financial investment banking results.Here's what the business reported: Revenues: $1.82 an allotment vs. $1.65 an allotment LSEG estimateRevenue: $15.02 billion vs. $14.3 billion estimateThe banking company said revenue surged 41% from the year-earlier time frame to $3.08 billion, or $1.82 every allotment, assisted by a rebound in Exchange activity. Earnings rose 12% to $15.02 billion.Shares of the banking company had actually decreased earlier in the treatment after the bank's wealth management branch overlooked price quotes on a decline in rate of interest earnings. They were up lower than 1% on Tuesday. Wealth monitoring income increased 2% to $6.79 billion, below the $6.88 billion price quote, and also interest profit plunged 17% coming from a year earlier to $1.79 billion.Morgan Stanley claimed that's considering that its wealthy customers were continuing to shift money right into higher-yielding resources, due to the fee environment, causing reduced deposit levels.Morgan Stanley entrepreneurs value the more constant attributes of the wealth management organization versus the less foreseeable attribute of expenditure banking and investing, and also they will certainly wish to hear additional about expectations for the business going forward.Still, the banking company gained from its Wall surface Street-centric organization model in the fourth, as a rebound in investing and assets banking assisted the bank's institutional safeties distribution gain additional income than its wealth management division, flipping the normal dynamic.Equity trading created an 18% pitch in earnings to $3.02 billion, going over the StreetAccount price quote through approximately $330 thousand. Preset income exchanging revenue rose 16% to $1.99 billion, topping the price quote by $130 million.Investment financial profits climbed 51% to $1.62 billion, going beyond the estimate through $220 million, on climbing set profit underwriting activity. Morgan Stanley claimed that was actually predominantly driven by non-investment-grade business raising personal debt." The agency provided one more solid one-fourth in an improving funds markets setting," chief executive officer Ted Pick stated in the release. "We continue to carry out on our strategy as well as continue to be effectively installed to provide growth and also long-term worth for our investors." Last week, JPMorgan Hunt, u00c2 Wells Fargou00c2 and also Citigroup each covered requirements for income and also profit, a streak proceeded through Goldman Sachs on Monday, helped through a rebound in Wall Street activity.