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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Global Wealth Management Group

Morgan Stanley posts strong 3rd quarter earnings

Posted by RJ and Makay on Oct 20, 2011

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Record wealth management gains and strong sales and trading revenues boosted Morgan Stanley’s 3rd quarter earnings from a year ago.  The firm posted net income of 2.2 billion, or $1.14 per share, up from $313 million, or 5 cents per share, in Q3 2010. The results beat analysts’ profit expectations of $0.30 by a wide margin.