Morgan Stanley beats quarterly growth forecasts, shares rise 6%
US lender Morgan Stanley has reported a jump in third quarter profits of 83% to $1.71bn.
Morgan Stanley
$134.06
11:09 15/11/24
1.23%
$1.63
Excluding accounting adjustments and the impact of a tax benefit Morgan Stanley reported earnings per share (EPS) of 65 cents. That came in ahead of analysts’ projection for an EPS of 54 cents.
Sales grew by 12% to $8.91bn, coming in well ahead of the $8.17bn which had been expected.
Shares in Morgan Stanley were rising by 3.9% to $33.8.