Morgan Stanley (MS) earnings 3Q 2020


James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019.

Giulia Marchi | Bloomberg | Getty Images

Morgan Stanley posted third quarter profit of $2.7 billion, or $1.66 per share, exceeding the $1.28 estimate of analysts surveyed by Refinitiv. The firm generated revenue of $11.7 billion, 16% higher than a year earlier and a billion dollars more than the estimate.

Under Chief Executive Officer James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations. Wealth management benefits from rising markets as fees typically…


What the Boeing subsidies case decision from the WTO means

Previous article

Dueling Trump and Biden town halls spur NBC protests

Next article

You may also like

Leave a Reply

Notify of

More in Investing