NEW YORK (AP) ? Morgan Stanley shares are up in pre-market trading after the bank reported higher net income and revenue for the third quarter.
Excluding an accounting charge, the bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.
Revenue rose 18 percent to $7.5 billion after excluding the charge. That beat the $6.4 billion that analysts were expecting.
Revenue rose in most areas where the bank does business. It was up by the biggest proportion in the asset management unit, which helps clients ? mostly institutions ? invest in private equity, real estate and other investments.
The stock is up about 1 percent, rising 16 cents to $18.65, in pre-market trading.
Source: http://news.yahoo.com/morgan-stanley-shares-rise-higher-earnings-113509414--finance.html
marian hossa philip humber red sox white sox chuck colson ufc 145 results orrin hatch
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.