Why Morgan Stanley Is up Over 3%
Morgan Stanley (NYSE: MS) is up over 3% in early trading following the release of its third-quarter earnings results. The company reported revenues of $9.87 billion, easily beating the consensus analyst estimate of $9.54 billion, and adjusted EPS of $1.17, also beating the consensus analyst estimate of $1.01. On a year-over-year basis, Morgan Stanley’s revenue increased by about 7.3% and its adjusted EPS increased by about 33%, resulting in a very strong quarter overall.