Morgan Stanley is putting Ted Pick in charge of the firm’s investment bank with momentum in his favor.

Bank of America Corp. shares are rising after the company posted better-than-expected second-quarter results, including the highest earnings in more than eight years at the bank’s consumer unit.

Morgan Stanley shares are jumping as its better-than-expected second-quarter earnings report showed the bank’s dealmakers posted the biggest gains on Wall Street. Key topics on the bank’s conference call included the firm’s institutional securities business turning in its best first half since 2007, and the bank’s strong pipelines.

Goldman Sachs Group Inc. shares dropped as much as 2 percent in mid-day trading, the most intraday since June 25, as Wall Street analysts picked apart the company’s second-quarter earnings. They flagged expenses and a surprise drop in equity trading, and asked questions about Goldman’s lending service Marcus on the…

Lloyd Blankfein’s final earnings announcement showed the business where he started is back on track. The one that produced his successor is thriving.

U.S. consumers are levering up again, and Bank of America Corp. is using that, along with cost cuts and lower taxes, to boost profit.