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Morgan Stanley (MS) Q3 2026 earnings
CNBC • • general
Key Points:
- Morgan Stanley reported third-quarter earnings per share of $3.03 and revenue of $20.34 billion, both surpassing analyst estimates of $2.91 and $19.95 billion respectively.
- The firm's profit rose 6.5% to $4.91 billion, driven primarily by a 41% surge in equities trading revenue to $5.8 billion, significantly beating expectations.
- Strength in equities trading, particularly in Asia, helped offset declines in fixed income trading revenue, which fell 7% to $2.01 billion and missed estimates by about $260 million.
- Investment banking revenue increased slightly by 2% to $2.16 billion but fell short of expectations by approximately $110 million, impacted by lower equity underwriting and fixed income underwriting activity.
- Despite the strong results, shares dipped slightly in premarket trading, with investors awaiting CEO Ted Pick's outlook on mergers and IPO activity amid ongoing market uncertainties.
