Morgan Stanley (MS) Stock Soars After Beating Q3 Earnings Target

During the last trading session, the price indicators of Morgan Stanley have moved upwards on the stock chart, bringing the company 4% growth. Such price change is explained by the latest third-quarter report. Today, Morgan Stanley has announced the third-quarter report, which has surpassed the analyst’s forecasts. Along with the successful report, the company has improved the efficiency of producing ROTCE by 20%.

Furthermore, the company has announced the increased net revenues of $14.8 billion, which is a better result compared with the $11.7 billion for the last year. Moreover, the company’s net income equaled $3.7 billion, or $1.98 per diluted share, correlated with the $2.7 billion, or $1.66 per diluted share a year ago. The company has reported a successful report and now the MS’s goal is to provide the more successful report for the fourth quarter.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.