Morgan Stanley (MS) Reports Q3 EPS of $0.38, Beats by 11c
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Morgan Stanley (NYSE: MS) reports Q3 EPS of $0.38, 11 cents better than the analyst estimate of $0.27. Revenue for the quarter was $8.7 billion, which compares to the estimate of $6.99 billion.
UPDATE: On the conference call, Morgan Stanley's CFO said that it sees its tier one ratio to be about 15.3%. Also, level 3 assets are now making up about 7% of the bank's total assets. To see more highlights from Morgan Stanley's Q3 conference call, click here.
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