The US issuer has delivered US$11.9 billion sales in its home market, forming 85% of last year’s record level, despite extended slowdown in the third quarter.

Morgan Stanley closed the first nine months of the year in the second place after J.P. Morgan after booking US$11.9 billion in notional of registered structured notes in the US, SRP data shows. The volume represented 85% of last year’s at US$13.9 billion, an all-time high amount for the bank. Yet it was 9.4% lower than the prior-year period. While the street experienced an approximately 15% haircut in sales for Q2 2025 from the previous quarter mainly due to April’s marke