Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 million

Morgan Stanley reported third-quarter earnings that exceeded analyst expectations, driven by exceptional performance in its equities trading business. The company’s net profit increased 6.5% to $4.91 billion, or $3.03 per share, while total revenue rose 12% to $20.34 billion.
The standout performer was the equities trading division, which generated $5.8 billion in revenue, representing a 41% increase and surpassing StreetAccount estimates by approximately $909 million. Management attribut