Morgan Stanley's Profit Jumps on Recovery in Dealmaking
(Reuters) - Morgan Stanley's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals. The investment bank reported a profit of $3.19 billion on Wednesday, or $1.88 per share, for the three months ended Sept. 30. That compares with $2.41 billion, or $1.38 per share, a year ago.
Morgan Stanley's profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, ...
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I am bullish on IPOs and M&A coming back,” said the banks’ CEO. “It may take some time…I think these are going to be global, ...
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