Morgan Stanley CEO Ted Pick, who runs one of Wall Street's biggest dealmakers, said his own firm was considering acquisitions and would set a high bar for purchases.

Morgan Stanley (MS) turned in better-than-expected Q2 earnings and revenue on Wednesday, reflecting strong net interest income as wealth management revenue increased quarter-over-quarter and year-over-year.

Tariffs, tariffs, tariffs. President Donald Trump’s trade levies have been the talk of Wall Street since his April 2 announcement sent stocks plunging and injected uncertainty into the economy and capital markets.

Bank of America has been working on stablecoins like the rest of the industry and investors can expect the lender to move forward on this, CEO Brian Moynihan said on Wednesday, without giving a timeline.

Morgan Stanley (NYSE:MS) reported stronger-than-expected second-quarter results, with earnings per share (EPS) and revenue exceeding analysts’ estimates.

Global oil inventories have swollen at a rapid clip in recent months, but given the bulk of the increase has been in the Asia-Pacific, prices have been able to hold their ground for now, according to Morgan Stanley.