Morgan Stanley (MS) released a profit for its third quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $3.028 billion, or $1.88 per share. This compares with $2.262 billion, or $1.38 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.9% to $15.383 billion from $13.273 billion last year.
Morgan Stanley earnings at a glance (GAAP) :
-Earnings (Q3): $3.028 Bln. vs. $2.262 Bln. last year.
-EPS (Q3): $1.88 vs. $1.38 last year.
-Revenue (Q3): $15.383 Bln vs. $13.273 Bln last year.
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