Morgan Stanley (MS) Earnings: Did Investment Bank Beat Estimates In Third Quarter?
Description:Morgan Stanley (NYSE: MS) reported fiscal third-quarter earnings of $888 million, or 44 cents per share, compared with a loss of $1 billion, or 55 cents, in the same year-ago period. Excluding items, the investment bank earned 50 cents a share on revenue of $7.9 billion. Wall Street had expected Morgan Stanley to issue earnings excluding items of 40 cents a share on $7.7 billion in revenue, according to analysts polled by Reuters. “Overall, our stronger year-over-year revenues and net income r(1:01)