Bank of America is working on launching a stablecoin, and investors can expect the lender to move forward with the cryptocurrency, CEO Brian Moynihan said on Wednesday, without giving a timeline.Stablecoins,

Tariffs, tariffs, tariffs. President Donald Trump’s trade levies have been the talk of Wall Street since his April 2 announcement sent stocks plunging and injected uncertainty into the economy and capital markets.

Goldman Sachs, Morgan Stanley, and Bank of America posted strong Q2 earnings, driven by robust trading and selective dealmaking. Despite tariff uncertainty, Wall Street remains buoyed by big bank performance.

Morgan Stanley CEO Ted Pick, who runs one of Wall Street's biggest dealmakers, said his own firm was considering acquisitions and would set a high bar for purchases.

Morgan Stanley (MS) turned in better-than-expected Q2 earnings and revenue on Wednesday, reflecting strong net interest income as wealth management revenue increased quarter-over-quarter and year-over-year.

Global oil inventories have swollen at a rapid clip in recent months, but given the bulk of the increase has been in the Asia-Pacific, prices have been able to hold their ground for now, according to Morgan Stanley.

Morgan Stanley closed 2.46% short of its 52-week high of $145.16, which the company achieved on July 7th.

Morgan Stanley (NYSE:MS) reported stronger-than-expected second-quarter results, with earnings per share (EPS) and revenue exceeding analysts’ estimates.

Bank of America has been working on stablecoins like the rest of the industry and investors can expect the lender to move forward on this, CEO Brian Moynihan said on Wednesday, without giving a timeline.