It's not just a flash in the pan. For the first five months of the year, Morgan Stanley topped the global adviser rankings for announced deals, a 36% market share, taking the top spot away from Goldman Sachs. This is the first time the bank's market share for global announced deals has ever gone as high as 36%.
The bank's second-quarter advisory revenue, announced last month, was also looking healthy, up 10% to $357 million when other banks, including Goldman, saw a drop in advisory revenue in the quarter.
