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Morgan Stanley (MS) Earnings: Did Investment Bank Beat Estimates In Third Quarter?

  • Aired: 1/18/2013
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Morgan Stanley (NYSE: MS) reported fiscal third-quarter earnings of $888 million, or 44 cents per share, compared with a loss of $1 billion, or 55 cents, in the same year-ago period. Excluding items, the investment bank earned 50 cents a share on revenue of $7.9 billion. Wall Street had expected Morgan Stanley to issue earnings excluding items of 40 cents a share on $7.7 billion in revenue, according to analysts polled by Reuters. € Overall, our stronger year-over-year revenues and net income r

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