Your take on things yeah a few things Here john one you do have them beat on Equities and fixed income which is a Strong showing from morgan stanley's Trading desk but remember also you have Jp morgan bringing in more than three Billion dollars worth of equities Trading revenue so that is a stunning uh Defeat actually for what is normally the Biggest equities trading shop on wall Street but to tom's point also yes Wealth management to the rescue you have Net interest income coming in higher Than expectations over at morgan stanley We had talked about this before the fact That the wealthier consumer May weather both the rising interest Rate environment as well as the Inflationary environment better than Those who are not earning as much uh it Is kind of as simple as that mr gorman This line will resonate with pretty much Everyone in this market here today more Market volatile environment that we've Seen for Some time
