Categories AlphaGraphs, Earnings, Finance

Morgan Stanley (MS) Earnings: Q3 profit rises on 26% revenue growth

Banking giant Morgan Stanley (NYSE: MS) on Thursday reported higher earnings and revenues for the third quarter of 2021. The company’s stock gained soon after the announcement.

Morgan Stanley Q3 2021 earnings infographic

Net income applicable to shareholders was $3.6 billion or $1.98 per share in the third quarter of 2021, compared to $2.6 billion or $1.66 per share in the same period a year ago.  Adjusted earnings rose to $2.04 per share from $1.66 per share last year and topped expectations.

The bottom-line benefitted from a 26% increase in revenues to $14.8 billion, which also came in above analysts’ forecast.

Shares of Morgan Stanley gained early Thursday following the earnings announcement, after closing the last session higher.

Prior Performance

  • Morgan Stanley Q3 2020 earnings

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