Morgan Stanley’s Financial Results Crush Estimates
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Morgan Stanley reported third-quarter earnings per share of $2.80, exceeding the $2.10 estimate, and a 45% increase from last year. Revenue reached a record $18.22 billion, surpassing forecasts of $16.70 billion, with an 18% year-over-year growth. The results were driven by strong trading activity and investment banking resurgence. Morgan Stanley's wealth management division also performed well. The stock has risen 25% this year, trading at $155.34 per share.
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