Morgan Stanley Q3 Earnings: Institutional Securities Sees Momentum, Total Client Assets Surpass $7.5T Across Wealth And Investment Management
Portfolio Pulse from Vandana Singh
Morgan Stanley reported strong Q3 earnings with an adjusted EPS of $1.88, beating expectations. The bank's net earnings rose by 33% to $3.2 billion, and sales increased by 15.9% to $15.38 billion. Institutional Securities and Wealth Management showed significant growth, with total client assets surpassing $7.5 trillion. The stock rose 3.70% in premarket trading.
October 16, 2024 | 12:04 pm
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Morgan Stanley's Q3 earnings exceeded expectations with a 33% increase in net earnings and a 15.9% rise in sales. Institutional Securities and Wealth Management showed strong performance, contributing to a 3.70% rise in premarket stock price.
Morgan Stanley's strong Q3 performance, with EPS and sales exceeding expectations, indicates robust business growth. The significant rise in net earnings and client assets, along with positive market reactions, suggests a likely short-term increase in stock price.
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