MS (Morgan Stanley) earnings 3Q 2022


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

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