Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on January 23, 2025.
Gerry Miller CNBC
Morgan Stanley reported third-quarter earnings before the opening bell Wednesday.
Here’s what the company reported compared to what Wall Street analysts polled by LSEG expected:
- Earnings per share: $3.03, vs $2.91 expected
- result: $20.34 billion, vs $19.95 billion expected
Morgan Stanley is expected to benefit from strong investment banking and equity trading in the quarter, as are rivals Goldman Sachs and JPMorgan Chase show in this week’s report.
Analysts want to know what CEO Ted Pick has to say about the outlook for mergers and IPOs for the rest of the year amid churn caused by rising interest rates.
This story is evolving. Please check back for updates.
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