Morgan Stanley profit down with lower investment banking revenue, shares tank
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Morgan Stanley slips as wealth management revenue disappoints
October 18, 2023 7:39 AM EDTMorgan Stanley (NYSE: MS) reported third-quarter results that beat analyst estimates on top and bottom line, however, its shares fell 1.6% on weaker-than-expected wealth management revenue.
The company posted earnings per share of $1.38, which is $0.06 better than the estimated EPS of $1.32. In terms of revenue, the quarter generated $13.3 billion,... More
