Morgan Stanley profit rises 19 percent on equity trading strength

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Reuters
Last Updated : Oct 16 2018 | 4:45 PM IST

(Reuters) - Morgan Stanley reported a 19 percent increase in quarterly profit on Tuesday, with strong performance in its equities trading business outweighing weakness in bond trading.

Net income attributable to Morgan Stanley rose to $2.11 billion, or $1.17 per share, in the third quarter ended Sept. 30, from $1.78 billion, or 93 cents per share, a year ago.

Analysts were expecting $1.01 per share, according to I/B/E/S data from Refinitiv. It was not immediately clear if the reported results were comparable.

(Reporting by Sweta Singh in Bengaluru and Matt Scuffham in Toronto; Editing by Saumyadeb Chakrabarty)

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First Published: Oct 16 2018 | 4:35 PM IST

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