New Delhi, April 12 -- Shares of Wall Street investment bank Morgan Stanley rallied 13 per cent in the last five sessions, despite broader volatility in the US stock market, amid a robust sentiment from a strong financial performance in the first quarter.

However, shares of the banking major have tanked 14 per cent year-to-date (YTD) after the escalating global trade war pushed financial markets into a tailspin.

Morgan Stanley beat first-quarter profit estimates on Friday, helped by record equity trading and strong wealth management results, while its CEO expressed more optimism about dealmaking than his counterparts.

The investment bank reported record equity trading revenue, with a 45% jump from a year earlier, reflecting increases a...