Morgan Stanley (MS) Tops Q3 EPS by 38c

Morgan Stanley (NYSE: MS) reported Q3 EPS of $1.98, $0.38 better than the analyst estimate of $1.60. Revenue for the quarter came in at $14.8 billion versus the consensus estimate of $13.66 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “The Firm delivered another very strong quarter, with robust revenues and improved efficiency producing an ROTCE of 20%. We had standout performance of our integrated Investment Bank and record net new assets of $135 billion in Wealth Management. Year-to-date, our successful integrations of E*TRADE and Eaton Vance have supported growth of $400 billion in net new client assets across Wealth and Investment Management, bringing our total combined client assets to $6.2 trillion.”

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

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