Morgan Stanley (MS) Tops Q3 EPS by 9c

Morgan Stanley (NYSE: MS) reported Q3 EPS of $1.17, $0.09 better than the analyst estimate of $1.08. Revenue for the quarter came in at $9.9 billion versus the consensus estimate of $9.75 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “In the first half of the year, we produced strong results across the franchise. 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.”

For earnings history and earnings-related data on Morgan Stanley (MS) click here.

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