Morgan Stanley Q3 Net Revenue $20.34 Billion, Beating Estimates of $19.89 Billion

TREE NEWS update: Morgan Stanley reported third-quarter net revenue of $20.34 billion, beating estimates of $19.89 billion. Earnings per share were $3.03. Net interest income came in at $3.25 billion, falling short of the $27.8 billion estimate. Equity sales and trading revenue reached $5.8 billion, while FICC sales and trading totaled $2.01 billion. Wealth management net revenue came in at $9.07 billion, slightly below the $9.11 billion estimate. The bank’s shares fell 0.5% in premarket trading.