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

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

Disney (DIS): A look at the major winning points for its streaming business

Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was

KSS Stock: After terminating sale talks, what awaits Kohl’s this year

Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an

Walt Disney Company (DIS) Q3 revenues, earnings beat Street view

Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top