* Morgan Stanley, Wells Fargo post solid results
* Indexes up: Dow 0.5 pct, S&P 500 0.6 pct, Nasdaq 0.9 pct (Updates to midmorning)
By Chuck Mikolajczak
NEW YORK, Oct 21 (Reuters) - U.S. stocks rose on Wednesday, led by bank shares, after solid quarterly earnings from Morgan Stanley and Wells Fargo.
Morgan Stanley added 6.4 percent to $34.63 after reporting a better-than-forecast profit, helped by strong fixed income sales and trading revenues.
Wells Fargo & Co income rose 60 percent as mortgage banking revenue surged. Shares added 0.5 percent to $30.63.
However, Boeing Co shed 0.4 percent to $51.66 after the airplane maker posted a net loss on charges related to its long-delayed 787 plane and the 747 program.
"(Earnings) haven't been phenomenal, but the market hangs in there with good in-line earnings" said Todd Leone, head of listed trading at Cowen & Co in New York.
The Dow Jones industrial average gained 50.41 points, or 0.50 percent, to 10,091.89. The Standard & Poor's 500 Index added 7.01 points, or 0.64 percent, to 1,098.07. The Nasdaq Composite Index climbed 20.26 points, or 0.94 percent, to 2,183.73.