Prime brokerage boom generates big third-quarter windfall for Wall Street banks
Published on: Oct. 15, 2025, 11:08 p.m. | Source: Devdiscourse
"Prime brokerage revenues drove results as average client balances and financing revenues reached new records," Morgan Stanley Chief Financial Officer Sharon Yeshaya told analysts on Wednesday. On a post-earnings conference call with analysts, Bank of America Chief Financial Officer Alastair Borthwick said the second-largest U.S. lender saw strength in its prime brokerage financing business, as revenue increased year-over-year.
