Morgan Stanley: Q3 EPS down 6% at $1.38

(CercleFinance.com) - Morgan Stanley today reported net revenues of $13.
3bn for Q3 (period ended 30 September 2023), compared with $13.0bn a year ago. NB pmt -3%.

Net income, group share reached nearly $2.4bn, or $1.38 per diluted share, compared with $2.6bn, or $1.47 for the same period a year ago.

Management said, that although the market environment remained mixed this quarter, it delivered solid results, with an ROTCE of 13.5%. Wealth Management and Investment Management generated higher revenues and profits from a year ago.

They also completed the integration of E*TRADE over Q3, continuing their revenue generation strategy.


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