Morgan Stanley Posts Strong Quarterly Results as Trading and Dealmaking Rebound
Morgan Stanley reported a 45% surge in quarterly profit to $4.61 billion, easily surpassing analyst expectations. The strong performance was driven by increased trading revenue and a 44% jump in investment banking revenue as dealmaking activity gains momentum.
Strong Quarterly Performance Exceeds Expectations
Morgan Stanley has joined other major financial institutions in reporting better-than-expected quarterly results, with sources indicating the bank’s profit surged 45% to $4.61 billion for the period. According to reports, this amounted to $2.80 per share, easily surpassing the $2.10 per share analysts had projected.