Investment

Morgan Stanley tops analysts’ revenue estimates by $1 billion on stronger-than-expected trading

Morgan Stanley beat analysts’ estimates for third-quarter revenue and profit, fueled by better-than-expected results from the firm’s Wall Street trading operations. The bank said Thursday in a release that profit jumped 25% from a year earlier to $ 2.72 billion, or $ 1.66 per share, exceeding the $ 1.28 estimate of analysts surveyed by Refinitiv. […]

Investment

Morgan Stanley beats estimates for second-quarter profit on strong trading results

James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galici | Getty Images Morgan Stanley on Thursday posted second-quarter results that blew past analysts’ estimates on stronger-than-expected trading revenue. The bank generated record profit of $ […]