(Reuters) -Morgan Stanley’s profit jumped in the third quarter as investment bankers brought in more fees from advising on deals and by underwriting stock and debt sales.

Shares of the bank rose 2.1% in premarket trading on Wednesday.

A string of large deals pushed global mergers and acquisitions activity past the $3 trillion mark this year. A resilient U.S. economy, optimism around interest-rate cuts and lighter regulations under the Trump administration have spurred businesses to do deals or tap capital markets.

With markets hovering near record highs and the U.S. Federal Reserve resuming its rate-cutting cycle in September, bankers are optimistic that the momentum will continue through fourth quarter and into 2026.

Morgan Stanley’s investment banking revenue jumped 44% to $2.11 bill

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