Morgan Stanley's stock surged post-earnings with revenue, earnings, and assets exceeding expectations

From CNBC: 2024-10-16 12:21:18

Morgan Stanley shares reached all-time highs after Q3 beats. Revenue for the quarter skyrocketed 16% YoY to $15.38 billion, exceeding expectations. Earnings per share jumped 36% to $1.88. ROTCE was 17.5%, exceeding estimates of 14.8%. Total client assets surpassed $7.5 trillion. Morgan Stanley repurchased $750 million shares in Q3. Wealth management and investment management boomed, leading to exceptional results. Morgan Stanley’s extensive footprint allowed the firm to benefit from shifting market dynamics and policy changes, propelling their performance to new heights.



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