Trump's tariffs have turned the market upside down, but Morgan Stanley has made a fortune in stock trading.

Morgan Stanley's stock traders have achieved their best second-quarter performance ever, as major US banks continue to benefit greatly from market volatility triggered by President Donald Trump's policies. An announcement released on Wednesday showed that the bank's stock trading revenue increased by 23% year-on-year, exceeding analysts' estimates to reach $3.72 billion. Morgan Stanley's highly anticipated wealth management division also attracted $59.2 billion in net new assets during the same period, outperforming market expectations. Also reporting their earnings on Wednesday were Bank of America and Goldman Sachs, with investors eagerly awaiting more details on the impact of Trump's tariffs from their financial reports. The tariffs announced by the President have caused significant market fluctuations, helping Goldman Sachs' stock traders achieve their best performance.