Financial services firm Morgan Stanley (MS) reported Wednesday that net income applicable to the company's shareholders for the third quarter grew to $4.61 billion or $2.80 per share from $3.19 billion or $1.88 per share in the year-ago quarter.
On average, 16 analysts polled expected the company to report earnings of $2.11 per share for the quarter. Analysts' estimates typically exclude special items.
The company's provision for credit losses was Nil, compared to $79 million in the year-ago quarter.
Net revenues for the quarter grew 18 percent to a record of $18.22 billion from $15.38 billion in the same quarter last year. Analysts expected revenues of $16.67 billion for the quarter.
Net interest income increased 13 percent to $2.49 billion and non-interest income grew 19 percent to $15.73 billion from last year. Total non-interest expenses increased 10 percent to $12.20 billion from last year.
The Board of Directors also declared a $1.00 quarterly dividend per share, payable on November 14, 2025 to common shareholders of record on October 31, 2025.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.