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Morgan Stanley Q3 Profit Beats Estimates, Wealth Flows Surge

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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.