Morgan Stanley (NYSE: MS) reported third-quarter 2020 financial results before the opening bell on Thursday. The banking giant reported a 16% rise in Q3 revenues to $11.7 billion, beating the Wall Street consensus. Earnings of $1.59 per share were also stronger than what analysts had anticipated.
MS shares fell 1.28% immediately following the announcement. The stock has slipped 2% since the beginning of this year.
CEO James P. Gorman said, “We delivered strong quarterly earnings as markets remained active through the summer months, and our balanced business model continued to deliver consistent, high returns.”
Prior performance
Most Popular
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
