Morgan Stanley Is 'Not a One Quarter Wonder,' Says Wellso

The transcript discusses the Morgan Stanley report, highlighting cost management in banks amidst heavy technology investments. It notes the positive impact of volatility on trading income and the strong pipelines for M&A and investment banking, suggesting continued growth. A comparison between Goldman Sachs and Morgan Stanley is made, focusing on their different business strengths and global reach.

What does the speaker imply about the future of investment banking?

What factors contribute to the strong M&A activity mentioned in the commentary?