‘Hamas has created additional demand’: Wall Street eyes big profits from war

Morgan Stanley and TD Bank hope for aerospace and weapons boon after a 7% value increase from start of Israel-Hamas conflict

This article is co-published with Responsible Statecraft

The United Nations has warned that there was “clear evidence” that war crimes may have been committed in “the explosion of violence in Israel and Gaza”. Meanwhile, Wall Street is hoping for an explosion in profits.

During third-quarter earnings calls this month, analysts from Morgan Stanley and TD Bank took note of this potential profit-making escalation in conflict and asked unusually blunt questions about the financial benefit of the war between Israel and Hamas.

Co-published with Responsible Statecraft

Eli Clifton is a senior advisor at the Quincy Institute and Investigative Journalist at Large at Responsible Statecraft

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