Morgan Stanley: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Wednesday reported third-quarter profit of $4.91 billion.

The New York-based company said it had earnings of $3.03 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.

The investment bank posted revenue of $33.28 billion in the period. Its revenue net of interest expense was $20.34 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $19.74 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MS at https://www.zacks.com/ap/MS