Morgan Stanley profit beats estimates on bond trading strength

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Morgan Stanley beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees.

Net income attributable to the company rose marginally to US$2.17 billion, or US$1.27 per share, in the third quarter ended Sept. 30, from US$2.

11 billion, or US$1.17 per share, a year ago.Analysts were expecting a profit of US$1.11 per share on revenue of US$9.6 billion, according to IBES data from Refinitiv.

 

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