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Financial services earnings roundup, Oct. 17

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Financial services earnings roundup, Oct. 17

With earnings season in gear, S&P Global Market Intelligence presents a snapshot of recently reported financial results for companies in the financial services space.

Broker/dealer

Goldman Sachs Group Inc. reported third-quarter net earnings applicable to common shareholders of $2.04 billion, or $5.02 per share, compared with $2.10 billion, or $4.88 per share, in the year-ago quarter.

The S&P Capital IQ consensus GAAP EPS estimate for the quarter was $4.16.

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Morgan Stanley reported third-quarter earnings applicable to common shareholders of $1.69 billion, or 93 cents per share, up from $1.52 billion, or 81 cents per share, in the prior-year quarter.

The S&P Capital IQ consensus GAAP EPS estimate for the most recent quarter was 81 cents.

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Interactive Brokers Group Inc. reported third-quarter net income available for common shareholders of $31 million, or 43 cents per share, compared with $20 million, or 30 cents per share, in the year-ago period.

Comprehensive income available for common shareholders, net of tax, was $32 million, or 44 cents per share, up from $20 million, or 30 cents per share, in the third quarter of 2016.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 37 cents.

Specialty lender

Navient Corp. reported third-quarter GAAP net income attributable to the company of $176 million, or 64 cents per share, compared with $230 million, or 73 cents per share, in the year-ago quarter.

Core earnings were $152 million, or 55 cents per share, versus $157 million, or 50 cents per share, in the year-ago period.

The S&P Capital IQ consensus normalized EPS estimate for the period was 50 cents.