Morgan Stanley (MS) Tops Q3 EPS by 6c

Morgan Stanley (NYSE: MS) reported Q3 EPS of $1.38, $0.06 better than the analyst estimate of $1.32. Revenue for the quarter came in at $13.3 billion versus the consensus estimate of $13.25 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “While the market environment remained mixed this quarter, the Firm delivered solid results with an ROTCE of 13.5%. Our Equity and Fixed Income businesses navigated markets well, and both Wealth and Investment Management produced higher revenues and profits year-over-year. We completed the integration of E*TRADE in the quarter, further executing on our strategy of building revenue synergies across channels and attracting clients to our best-in-class advice offering. Our ability to gather assets, together with our strong capital position and leading client franchises, position us to deliver continued growth and strong shareholder returns going forward.”

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

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