Morgan Stanley reported third quarter profit of $4.91 billion, up 6.5 percent, or $3.03 a share, beating the $2.91 a share LSEG estimate, on revenue up 12 percent to $20.34 billion against $19.95 billion expected. Equities trading did the work, with revenue up 41 percent to $5.79 billion, about $909 million above the StreetAccount estimate, while fixed income trading fell 7 percent to $2.01 billion on weaker credit and commodities, about $260 million below expectations.
Morgan Stanley beats estimates as equities trading jumps 41 percent
Morgan Stanley's third quarter profit rose 6.5 percent to $4.91 billion, or $3.03 a share against a $2.91 estimate, as equities trading revenue jumped 41 percent to $5.79 billion, about $909 million above expectations.
Why it matters: The trading led beat, with Asia a particular source of strength, contrasts with Bank of America's penalty hit print the same morning and keeps the big bank earnings season running ahead of expectations on markets revenue.
Data as of Wednesday, October 14, 2026. Figures from Morgan Stanley's third quarter report as covered by CNBC, read in full via a live browser session; the Investing.com wire item corroborates the direction. Single detailed source, so graded C. Developing item, 2 to 3 sentences by design.
Sources
- Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million · CNBC · 2026-10-14
- Morgan Stanley profit rises on equity trading strength · Investing.com · 2026-10-14