Investing.com - Morgan Stanley (NYSE:MS) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.27 on revenue of $10.03B. Analysts polled by Investing.com expected EPS of $1.12 on revenue of $9.61B. That compared to EPS of $1.17 on revenue of $9.87B in the same period a year earlier. The company had reported EPS of $1.23 on revenue of $10.24B in the previous quarter.
Morgan Stanley shares gained 3.48% to trade at $44.28 in pre-market trade following the report.
For the year, Morgan Stanley shares are up 7.92%, under-performing the S&P 500 which is up 20.7% year to date.
Morgan Stanley follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
Bank of America earnings beat analyst's expectations on Wednesday, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.55 on revenue of $22.59B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar