Morgan Stanley’s Q3 Results Get An Alibaba Boost

By | October 17, 2014

Scalper1 News

Morgan Stanley posted strong third-quarter numbers, powered by its underwriting of Alibaba’s record-setting initial public offering and more active equity markets. The New York-based investment bank said Friday that its earnings per share rose 30% to 65 cents, beating by 11 cents the estimates of analysts polled by Thomson Reuters. Revenue rose 7.3% to $8.7 billion, above forecasts for $8.17 billion. Shares were up 2% on the stock market Friday Scalper1 News

Scalper1 News