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.

Executives at the New York bank said that strategic activity has started to pick up over the last month. Morgan Stanley also reported second-quarter revenue and earnings that beat analysts' expectations.

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,

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.

Another three megabanks are due to report second-quarter earnings on Wednesday, shedding light on the health of dealmaking, sales and trading, and consumer activity. Bank of America, Morgan Stanley, and Goldman Sachs—the second-,

Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, joins 'Squawk Box' to discuss on what recent Nvidia news means for tech companies at-large, what to expect from earnings and much more.