Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.
Gerry Miller | CNBC
Morgan Stanley posted third-quarter results that beat expectations on blockbuster results in its equities trading franchise.
Here’s what the company reported:
- Earnings per share: $3.03 vs. $2.91 LSEG estimate
- Revenue: $20.34 billion vs. $19.95 billion estimate
The company said profit climbed 6.5% to $4.91 billion, or $3.03 a share. Revenue climbed 12% to $20.34 billion.
Analysts will want to know what CEO Ted Pick has to say on the outlook for mergers and IPOs for the rest of the year amid the churn caused by rising interest rates.
This story is developing. Please check back for updates.