BUZZ-US banks: BofA, GS ride trading boom; Morgan Stanley dips

Reuters
16 Jul
BUZZ-US banks: BofA, GS ride trading boom; <a href="https://laohu8.com/S/MTK">Morgan Stanley</a> dips

BANK OF AMERICA

** Shares of Bank of America BAC.N rise as much as 2.3% in choppy premarket trading

** Bank reported Q2 profit beat as its traders brought in more revenue from tumultuous markets

** BofA's investment banking fees slid 9% to $1.4 billion

** Up to Tuesday's close, stock rose 5% YTD vs ~13.7% surge in S&P 500 banks index .SPXBK

GOLDMAN SACHS

** Shares of Goldman Sachs GS.N up 1.5% in premarket trading

** Bank's profit climbed 22% in Q2

** Goldman's investment banking fees stood at $2.19 billion, 26% higher than a year earlier

** Up to Tuesday's close, stock rose 22.6% YTD vs ~13.7% surge in S&P 500 banks index .SPXBK

MORGAN STANLEY

** Shares of Morgan Stanley MS.N down 0.7% in choppy premarket trading

** MS beat Wall St expectations in its Q2 earnings for 2025, as heightened market volatility significantly boosted its trading operations

** Its investment banking revenue declined 5% in the quarter

** Up to Tuesday's close, stock rose 12.6% YTD vs ~13.7% surge in S&P 500 banks index .SPXBK

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))

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