Story perspectives
Morgan Stanley Q3 Profit Beats Estimates, Wealth Flows Surge
By Drooid · · How we work
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Story summary
- Morgan Stanley reported third-quarter profit of $4.91 billion, surpassing analysts’ expectations.
- Equity trading revenue jumped 41% to $5.8 billion, driven by market volatility from interest-rate moves and the U.S.–Iran conflict.
- Wealth-management attracted a record $232 billion in net new assets, with over half linked to IPO flows.
- Morgan Stanley led advisory on GE Aerospace’s $11.75 billion acquisition of Consolidated Precision Products.
- Morgan Stanley secured underwriting roles for anticipated AI IPOs of Anthropic and OpenAI.
