Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 million — Live Feedhttps://www.live-feeds.com/feed/morgan-stanley-tops-estimates-as-equities-trading-revenue-beats-expectations-by-909-millionContinuously updated, source-cited coverage. Morgan Stanley Q3 Profit Rises to $4.91 Billion on Equities Trading Surgehttps://www.live-feeds.com/feed/morgan-stanley-tops-estimates-as-equities-trading-revenue-beats-expectations-by-909-millionhttps://www.live-feeds.com/feed/morgan-stanley-tops-estimates-as-equities-trading-revenue-beats-expectations-by-909-million#u130846Sun, 18 Oct 2026 06:26:30 +0000Morgan Stanley exceeded third-quarter estimates with revenue of $20.34 billion and profit of $4.91 billion, a 6.5% increase. Equities trading revenue drove the results, surging 41% to $5.8 billion and beating expectations by $909 million. Earnings per share reached $3.03, surpassing the LSEG consensus estimate of $2.91. While equities performed strongly, fixed income trading declined. Additionally, the firm's wealth management arm reported record new money inflows resulting from a boom in initial public offerings.Why it mattersThe results highlight a shift in revenue drivers as equity mar