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Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013.
Yuri Gripas | Reuters
Morgan Stanley on Friday posted third-quarter results that missed analysts’ expectations as investment banking revenue collapsed by 55%.
Here are the numbers:
- Earnings of $1.47 a share, compared with $1.49 estimate of analysts surveyed by Refinitiv
- Revenue of $12.99 billion, compared with the $13.3 billion estimate
The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. Revenue of $12.99 billion dropped 12% from a year earlier, driven by the fall-off in investment banking and…
Source cnbc.com
