Morgan Stanley beats third-quarter profit estimates on strong equity trading
Morgan Stanley reported third-quarter profit of $4.91B, or $3.03 per share, above the $2.91 per-share analyst estimate. Net revenue was $20.34B. Equity trading revenue rose 41% to $5.8B, while investment banking revenue increased 2% to $2.16B and fixed-income trading revenue fell 7.3% to $2.01B.
