Morgan Stanley smashes expectations in Q3 as sales and trading revenue booms 10%

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'We remain committed to controlling our expenses and are well positioned to pursue our growth initiatives,' CEO James Gorman said. Shares rose 4% in premarket.

Morgan Stanley released its Q3 earnings on Thursday and it beat expectations. The bank surged 4% in premarket trading. CEO James Gorman said that the bank remains"committed to controlling our expenses and are well positioned to pursue our growth initiatives." View Markets Insider's homepage for more stories Morgan Stanley smashed expectations on Thursday after releasing its earnings for the third quarter.

Morgan Stanley released its Q3 earnings on Thursday and it beat expectations. The bank surged 4% in premarket trading. CEO James Gorman said that the bank remains"committed to controlling our expenses and are well positioned to pursue our growth initiatives." View Markets Insider's homepage for more stories Morgan Stanley smashed expectations on Thursday after releasing its earnings for the third quarter.

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