BackMorgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million

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Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million

Morgan Stanley reported third-quarter earnings per share of $3.03 and revenue of $20.34 billion.

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Morgan Stanley reported third-quarter earnings per share of $3.03 and revenue of $20.34 billion, both topping Wall Street expectations surveyed by LSEG.

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Morgan Stanley reported its third-quarter financial results before the opening bell on Wednesday.

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Morgan Stanley reported third-quarter earnings before the opening bell Wednesday.

Here's what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:

Earnings per share: $3.03, vs. $2.91 expected

Revenue: $20.34 billion, vs. $19.95 billion expected

Morgan Stanley is expected to benefit from robust investment banking and equities trading revenue in the quarter, as rivals Goldman Sachs and JPMorgan Chase showed in their reports this week.

Analysts will want to know what CEO Ted Pick has to say on the outlook for mergers and IPOs for the rest of the year amid the churn caused by rising interest rates.

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What is CEO Ted Pick's outlook for mergers and IPOs?

China's producer price index increased 5% in September, the fastest pace in over four years, driven by higher fuel prices. Consumer prices rose 0.9%, slightly below expectations. The data comes amid slowing economic growth, with Q2 GDP at 4.3%, prompting signals of increased policy support from the State Council.

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Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million

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Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million

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Why It Matters

Open Questions

Related Topics

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