Morgan Stanley beats expectations as profit rises 19% during 3rd quarter (MS)

pulse

October 16, 2018 11:57 AM

Morgan Stanley posted a strong beat in its third-quarter earnings, with profits rising 19%.

Morgan Stanley announced third-quarter earnings results Tuesday morning. Here's how the bank fared.

Revenue
Net income
Earnings per share
Return on equity

Other key numbers:

Investment-banking revenue
In sales and trading
Wealth management

"In the first half of the year, we produced strong results across the franchise," Morgan Stanley CEO James Gorman said. "Despite the seasonal summer slowdown in the third quarter, we reported solid revenue and earnings growth demonstrating the stability of the franchise. Year to date, we have produced an ROE of 13% and ROTCE of 15%. We remain well positioned and optimistic for the remainder of the year."

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