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Ted Beck, CEO of Morgan Stanley speaks on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland on January 23, 2025.
Jerry Miller | CNBC
Morgan Stanley It reported third-quarter earnings before the opening bell on Wednesday.
Here’s what the company reported compared to what Wall Street analysts surveyed by LSEG expected:
- Earnings per share: $2.80, versus expected $2.10
- Revenues: $18.22 billion, compared to the expected $16.70 billion
Wall Street trading desks saw booming activity during the quarter, while investment banking continues to see a rebound in merger and IPO activity.
Stocks at or near record levels should support Morgan Stanley’s giant wealth management division as well.
Taken together, Wall Street-focused banks like Morgan Stanley and its peers Goldman Sachs In an ideal environment.
Morgan Stanley shares are up nearly 24% this year.
Tuesday, jp morgan chase, goldman, Citigroup and Wells Fargo Each posted earnings that beat analysts’ forecasts for earnings and revenue.
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