Morgan Stanley announced a strong financial performance and plans to issue debt again. J.P. Morgan plans to issue at least $7 billion in debt financing.

Morgan Stanley launched an investment-grade bond issuance on Wednesday, just hours after the bank announced that its first-quarter equity trading revenue hit a record high. A source familiar with the matter revealed that the company is introducing notes in up to four tranches, with maturities ranging from 4 years to 11 years. The longest-dated tranche of bonds is expected to be issued at a spread of around 125 basis points higher than U.S. Treasury bonds. The funds raised from this issuance will be used for general corporate purposes. Since early 2025, Morgan Stanley has conducted four bond issuances following its earnings reports, each consisting of four tranches, raising $8 billion each time.