Morgan Stanley reported third-quarter earnings per share of $1.88, versus consensus of $1.58

Reports third-quarter revenue of $15.38 billion, vs. consensus of $14.41 billion. Reports third quarter tangible book value per share of $43.76. reports a common equity Tier 1 capital ratio (CET1) of 15.1% for the third quarter. Reports Q3 ROTCE of 17.5%. Ted Pick, Chief Executive Officer, said: “The company posted a strong third quarter in a constructive environment across our global footprint. Institutional Securities experienced momentum in markets and underwriting due to solid customer loyalty. Total client assets in Wealth and Investment Management have exceeded $7.5 trillion, supported by buoyant stock markets and net asset inflows. Our business model delivers strong returns while accreting capital, generating ROTCE of 18.2% in the first three quarters of 2024. Our management remains focused on driving sustainable growth and delivering long-term returns for our shareholders.”

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