October 14 (Hfrance.fr) - Morgan Stanley (MS.N) posted a larger than expected third quarter profit on Thursday, soused by gains from record trading levels.
The Wall Street bank benefited from global mergers and acquisitions reaching new highs in the third quarter, with transactions totaling $ 1.52 trillion announced in the three months ended September 27. learn more
The figure, according to Refinitiv data, represents 38% year-over-year growth, higher than any quarter on record.
Net income applicable to common shareholders rose to $ 3.58 billion, or $ 1.98 per share, in the quarter ended September 30, from 2, $ 6 billion, or $ 1.66 per share, a year earlier.
Analysts had expected a profit of 1.68 $ per share, selon data from Refinitiv.
Net sales reached $ 14.75 billion in the third quarter, compared to $ 11.72 billion in the third quarter. dollars a year earlier. Report by Sohini Podder in Bangalore and Matt Scuffham in New York; Edited by Arun Koyyur
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