Morgan Stanley trading gains cap another win for Wall Street

Morgan Stanley Q3 profit jumps 26% on trading boost

The investment bank reveals a 16.2% year over year growth in revenue in Q3. Shares of the company were little changed at US$50.70 at 7:32 early NY trading.

Revenue from Morgan Stanley's institutional securities division, which is the bank's largest breadwinner and houses its investment banking and trading businesses, rose 21% to $6.06bn. Trading stocks online is easier than you think.

However whereas Morgan Stanley's general outcomes had been sturdy, they weren't as potent as Goldman Sachs' third quarter outcomes on Wednesday, and Morgan Stanley's inventory worth seems to be paying a worth for the comparability with shares up exclusively very barely in pre-market buying and selling.

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Net income applicable to common shareholders rose 26% to $2.60bn in the quarter ended September 30.

Morgan Stanley said that its net income in the third quarter came in at £2.11 billion or £1.29 per share.

"Big investment banks are the easiest financial stocks to own because they have comparatively small loan portfolios (which are the biggest risk) but have upside earnings leverage to the now active capital markets".

Fixed-income trading revenue at Morgan Stanley was US$1.92 billion, compared with the US$1.7 billion analysts were predicting, based on estimates compiled by Bloomberg. Morgan Stanley faced a £46.46 million fine earlier this week for data protection mishaps.

Sales and trading revenue, on the other hand, came in at £3.21 billion, that was 20.2% higher than a year ago.

The bank's wealth management arm also turned in a solid quarter with a 7% jump in revenue to $4.66bn.

Trading revenue played a huge role in Morgan Stanley's increasing profits by 25 percent in the quarter despite the economic impact of the coronavirus.

Morgan Stanley's revenue and profit both beat analysts' overall forecasts. "We delivered strong quarterly earnings as markets remained active through the summer months, and our balanced business model continued to deliver consistent, high returns", said Chief Executive James Gorman. Analysts had anticipated £1.70 billion and £1.23 billion of revenue from equity and fixed income, respectively.



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