trending Market Intelligence /marketintelligence/en/news-insights/trending/osHwvH6hhp4ZdAdGfHLFlw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Morgan Stanley sees higher i-banking, sales and trading revenues for Q3

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Morgan Stanley sees higher i-banking, sales and trading revenues for Q3

Morgan Stanley reported third-quarter earnings applicable to common shareholders of $2.06 billion, or $1.27 per share, up from $2.02 billion, or $1.17 per share, in the year-ago period.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was $1.11.

The investment banking giant reported net revenues of $10.03 billion, a 2% increase from $9.87 billion in the same period a year ago. Institutional securities revenues posted a year-over-year increase to $5.02 billion from $4.93 billion, with investment banking revenues increasing 5% to $1.54 billion from $1.46 billion, and sales and trading revenues increasing 10% to $3.46 billion from $3.13 billion.

Morgan Stanley attributed the higher i-banking revenues to higher M&A fees on increased volume of deals. While equity sales and trading revenues were relatively flat on a year-over-year basis, fixed-income sales increased 21% and the company credited it to "strong client activity in the credit and rates businesses, partially offset by a decline in foreign exchange."

However, investments and other revenues sharply declined to $33 million from $340 million. Morgan Stanley primarily attributed the decreases to "mark-to-market losses on remaining holdings subsequent to certain investments' initial public offerings."

Wealth management revenues saw a slight decline to $4.36 billion from $4.40 billion, as increases in asset management revenues were coupled with decreases in transaction revenues and net interest income. Investment management revenues for the quarter increased 17% to $764 million from $653 million, with asset management revenues in the division posting an increase to $664 million from $604 million.

Morgan Stanley shares were up 4% in pre-market trading hours.