Morgan Stanley closes the third quarter with a Net income just over a billion dollars. The result marks a drop of 40% compared to the same period last year (to 1,02 billion dollars from 1,69 billion).
THEearning per share it came in at $0,48, down 42%, below analysts' expectations. As for the revenues, do not exceed 7,8 billion, for a decrease of 13%.
Like competitors Goldman Sachs and JP Morgan, Morgan Stanley saw sharp declines in its bond, currency and commodity trading earnings amid high market volatility this summer.
In the former nine months in 2015, however, revenues were $27,4 billion, up 3% year-on-year, while net income reached $4,9 billion, remaining roughly stable, and EPS stood at $2,51 per share (+1%).
