Morgan Stanley MS reported a rise in its third-quarter profit.
Morgan Stanley's quarterly profit rose around 80% to $1 billion, from $560 million, in the year-earlier period. Its per share earnings climbed to $0.50 from $0.28.
Its revenue surged 7% to $8.1 billion. However, analysts were expecting earnings of $0.40 per share on revenue of $7.6 billion.
Morgan Stanley shares gained 2.66% to $29.70 in pre-market trading.
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