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● LIVE Updated 48m ago · 9 sources tracked

Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million

Morgan Stanley beat Wall Street third-quarter estimates driven by significant growth in equity trading and wealth management. The financial institution reported that profit climbed to $4.91 billion, or $3.03 a share. Total revenue reached $20.34 billion, topping the $19.95 billion LSEG estimate. Equities trading revenue surged 41 percent to $5.8 billion, exceeding expectations by $909 million. The strong quarterly performance pushed the firm's shares higher in premarket trading.

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  • ✓ Morgan Stanley reported third-quarter revenue of $20.34 billion, beating the $19.95 billion LSEG estimate.
  • ✓ Equities trading revenue surged 41% to $5.8 billion, exceeding expectations by $909 million.
  • ✓ Company profit climbed to $4.91 billion, or $3.03 a share.
🛡️ Source Corroboration: 9 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Morgan Stanley released its third-quarter 2026 earnings results, exceeding top and bottom line expectations.

Live updates

  1. Morgan Stanley Q3 Profit Rises on Equity Trading

    Morgan Stanley beat Wall Street third-quarter estimates driven by significant growth in equity trading and wealth management. The financial institution reported that profit climbed to $4.91 billion, or $3.03 a share. Total revenue reached $20.34 billion, topping the $19.95 billion LSEG estimate. Equities trading revenue surged 41 percent to $5.8 billion, exceeding expectations by $909 million. The strong quarterly performance pushed the firm's shares higher in premarket trading.

    Why it matters

    The stronger-than-expected results reflect positive momentum in key banking divisions despite declines in fixed income trading. Growth across equity trading and wealth management bolstered overall profitability for the third quarter. The performance highlights how major financial institutions continue to navigate shifting market conditions.

    What is confirmed

    • Morgan Stanley reported third-quarter revenue of $20.34 billion, beating the $19.95 billion LSEG estimate.
    • Equities trading revenue surged 41% to $5.8 billion, exceeding expectations by $909 million.
    • Company profit climbed to $4.91 billion, or $3.03 a share.

    What to watch next

    • Monitor fixed income trading performance in subsequent quarters
    • Track ongoing wealth management growth metrics
    Sources used for this update (10)
    1. CNBC — Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million
    2. Quartz — Morgan Stanley Q3 2026 earnings beat Wall Street estimates
    3. WSJ — Morgan Stanley Profit Rises 7% in Third Quarter
    4. kare11.com — Morgan Stanley: Q3 Earnings Snapshot
    5. Seeking Alpha — Morgan Stanley Q3 earnings beat, helped by equity, wealth management growth (MS:NYSE)
    6. www.cnbc.com — Morgan Stanley tops estimates as equities trading revenue ...
    7. www.newsbreak.com — Morgan Stanley tops estimates as equities trading revenue ...
    8. www.cnbc.com — Morgan Stanley tops estimates as equities trading revenue ...
    9. rocketnews.com — Morgan Stanley tops estimates as equities trading revenue ...
    10. finance.yahoo.com — Morgan Stanley beats estimates on strong equity trading
    confidence 100%
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