Morgan Stanley’s earnings jump, helped by trading

October 19, 2016 4:03 PM

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Morgan Stanley’s earnings jump, helped by trading

NEW YORK — Morgan Stanley’s earnings soared 62 percent in the third quarter, thanks to big gains in bond trading.

The New York-based investment bank said Wednesday it earned $1.52 billion after payments to preferred shareholders, up from $939 million in the same period a year earlier. Earnings per share, excluding an accounting adjustment, were 81 cents versus 34 cents a year earlier.

Also read: Goldman Sachs earnings: $5.08 a share vs. $4.82 estimate

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