Morgan Stanley (NYSE: MS) on Wednesday reported higher revenues and net profit for the third quarter of 2024. The latest numbers also exceeded analysts’ estimates.
The company reported net revenues of $15.4 billion for the third quarter ended September 30, 2024, compared to $13.3 billion in the corresponding period last year. Revenues came in above Wall Street’s expectations.
Net income applicable to the company increased to $3.2 billion or $1.88 per share in the third quarter from $2.4 billion or $1.38 per share in the same period a year ago. The bottom line beat estimates.