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Morgan Stanley Earnings, Revenue Beat in Q3 By Investing.com

by Mike Robinson

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© Reuters. Morgan Stanley Earnings Beat Q3 Revenue

Investing.com Morgan Stanley (NYSE: ) announced Thursday that the third quarter beat analyst forecasts with revenue surpassing expectations.

Morgan Stanley reported earnings per share at $2.04 on $14.75B in revenue. Investing.com polled analyst to predict EPS at $1.69 on $13.93B revenue.

Morgan Stanley shares rose 43% over the first of the year. However, they are down 6.97% from their 52 week peak of $105.95 (September 28th). They are outperforming the S&P Global 100 which is up 13.65% from the start of the year.

Morgan Stanley shares rose 1.48% during pre-market trading following the release.

Morgan Stanley is following other financial sector major earnings this month

Morgan Stanley’s earnings report comes after JPMorgan reported an earnings beat on Wednesday. JPMorgan reported EPS at $3.74 per share on $30.44B in revenue, while forecasts called for EPS at $3 on $29.86B revenue.

UnitedHealth beat all expectations with a third quarter earnings per share of $4.52 on $72.34B in revenue, as compared to a forecast of EPS at $4.41 for $71.3B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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