Morgan Stanley Q3 Earnings Skyrocket – Are Big Banks Making a Comeback?
Morgan Stanley reported $4.6 billion in Q3 net income, versus $3.2 billion a year ago investing.com. Revenue hit a record $18.2 billion, driven by a 44% jump in investment banking fees and a boom in equity underwriting investing.com investing.com. Its wealth-management arm also set records: $8.2B in revenue with a 30.3% pre-tax margin investing.com. CEO Ted Pick called it an “outstanding quarter with strong performance in each of our businesses globally” investing.com. Shares closed around $155 on Oct. 14 and were up ~1.2% pre-market on Oct. 15 stockanalysis.com stockanalysis.com. Analysts note that a resurgence of IPOs, M&A deals and expected Fed rate cuts fueled the results investing.com ts2.tech. TS2.Tech reports Wall Street had forecast roughly +11% earnings growth for MS this quarter, citing its diversified capital-markets and wealth base ts2.tech. Experts caution banks’ earnings are “a window into the U.S. economy”: strong consumer loan activity would confirm resilience, but any cracks in profit growth could quickly dent sentiment ts2.tech ts2.tech. Morgan Stanley’s 12-month consensus price target is about $155, roughly flat from current levels marketbeat.com.
