Morgan Stanley (MS) Tops Q3 EPS by 31c
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Morgan Stanley Third Quarter 2020 Earnings Results
October 15, 2020 7:30 AM EDTMorgan Stanley Reports Net Revenues of $11.7 Billion, EPS of $1.66 and ROTCE of 15.0%
NEW YORK--(BUSINESS WIRE)-- Morgan Stanley (NYSE: MS) today reported net revenues of $11.7 billion for the third quarter ended September 30, 2020 compared with $10.0 billion a year ago. Net income applicable to Morgan Stanley was $2.7 billion, or $1.66 per diluted share,1 compared with net income of $2.2 billion, or $1.27 per diluted share,1 for the same period a year ago. The current quarter included intermittent net discrete tax benefits of $113 million which had an impact of $0.07 per diluted share.
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