From Financial Modeling Prep: 2024-10-16 13:09:00

Morgan Stanley (NYSE:MS) outperformed expectations in Q3, boosting stock by 7%. EPS of $1.88 beat estimates of $1.59, while revenue hit $15.4 billion, surpassing forecasts of $14.32 billion. Institutional Securities saw a 20.2% revenue increase, Wealth Management hit record net revenues of $7.3 billion, attracting $64 billion in net new assets. CEO Ted Pick praised strategic success, with ROTCE at 18.2%. Closing Q3 with a CET1 capital ratio of 15.1%.



Read more at Financial Modeling Prep:: Morgan Stanley’s Robust Third-Quarter Results Push…