Banking giant Morgan Stanley (NYSE: MS) on Wednesday reported financial results for the third quarter of 2023.
Net income applicable to shareholders was $2.4 billion or $1.38 per share in the third quarter of 2023, compared to $2.63 billion or $1.47 per share in the same period a year ago.
The bank’s revenues increased to $13.27 billion in Q3 from $12.9 billion in the corresponding period of 2022. It delivered ROTCE of 13.5%.
James Gorman, chief executive officer of Morgan Stanley, said, “We completed the integration of E*TRADE in the quarter, further executing on our strategy of building revenue synergies across channels and attracting clients to our best-in-class advice offering. Our ability to gather assets, together with our strong capital position and leading client franchises, position us to deliver continued growth and strong shareholder returns going forward.”
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales