Morgan Stanley moves higher on Q3 beat
Morgan Stanley (MS) is up 1.5% Tuesday morning. The company reported third-quarter earnings of 93 cents per share, well above the 81 cents forecast. Total revenue was up 3% to $9.2 billion, higher than the $8.95 estimate. The results were driven by 9% growth in revenue.
Morgan Stanley (MS) is a diversified financial company.
UnitedHealth Group Incorporated (UNH) and Johnson & Johnson (JNJ) top the list of other companies with positive news today, while Harley-Davidson, Inc. (HOG) and Sonic Corp. (SONC) top the list of companies with negative news.
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About Morgan Stanley
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments, as well as more than 60,000 employees. Approximately half of the company's net revenue is from its institutional securities business, with the other half coming from wealth and asset management. The company derives about 30% of its total revenue outside the Americas.