Morgan Stanley reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported adjusted earnings per share of $1.21 on revenue of $10.03B. Analysts polled by anticipated EPS of $1.12 on revenue of $9.61B. That compared to adjusted EPS of $1.17 on revenue of $9.87B in the same period a year earlier. The company had reported adjusted EPS of $1.23 on revenue of $10.24B in the previous quarter.
Morgan Stanley shares gained 3.48% to trade at $44.28 in pre-market trade following the report.
Morgan Stanley follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
Bank of America earnings beat analysts' expectations on Wednesday, with third quarter EPS of $0.56 on revenue of $22.8B. analysts expected EPS of $0.55 on revenue of $22.59B
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