Morgan Stanley jumps 4% at open, only bank to see stock price gains after Q2 earnings

Shares of Morgan Stanley

MS, +2.53%

jumped 4% at the open Wednesday, after the bank posted better-than-expected earnings for the second quarter and better trading revenue than many of its peers. Morgan Stanley is the only one of the big U.S. banks to post stock-price gains after earnings so far this season. The stock has gained 11% in 2017, while the Financial Select Sector SPDR exchange-traded fund

XLF, -0.08%

has gained 7% and the S&P 500

SPX, +0.45%

has gained 10%.


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