Bond trading revenue was up nearly 50% in the fourth-quarter from last year's period, while risk-weighted assets have shrunk significantly. The trading volume surge is being attributed to investor's reworking portfolios in response to Trump's victory and the Federal Reserve's interest rate hike.
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Bond-trading bump shows Wall Street banks doing more with less
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"Everyone said that banks wouldn't make money after the crisis, but that's clearly not true," said Dave Ellison, a portfolio manager at Hennessy Funds, which holds Morgan Stanley shares. "They're now adapting to a new environment and learning they don't need to take on the type of risk they did in the past."
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