LSEG: Morgan Stanley collected $2.3B in debt and equity capital market fees in H1 2026, up from $1.4B in H1 2025, driven by AI infrastructure financing deals
THE SO WHAT
AI infra has become a primary fee engine for Wall Street—$2.3B vs $1.4B YoY on the back of data center and compute financings. If you’re planning large-scale AI buildouts, expect more structured capital options but also tighter covenants and scrutiny on utilization and power contracts.
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