Stock Price Hits All-Time High! Morgan Stanley’s Q3 Results Exceed Expectations Across the Board, with Investment Banking Rebound as a Highlight and Equities Business Providing Core Momentum
Morgan Stanley’s net revenue for the third quarter was $18.22 billion, representing an 18% year-over-year increase and surpassing the estimated $16.64 billion. Earnings per share for the third quarter were $2.80, with a return on equity of 18%, exceeding the estimated 13.4%. Notably, investment banking revenue grew by 44% year-over-year, reaching $2.108 billion, while equity sales and trading revenue amounted to $4.12 billion, significantly higher than the estimated $3.41 billion.
$Morgan Stanley (MS.US)$ The Q3 earnings report delivered a better-than-expected performance, with all three core metrics—net revenue, earnings per share, and return on equity—reaching record highs for the same period.
Morgan Stanley surged nearly 7% at the…
