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.
15:14 Russia central bank: hackers stole over 2 billion roubles from accounts in central bank11
14:47 Gambian president said he would rule for a ‘billion years.’ He just lost reelection13
23:10 Trump taps ex-Goldman banker Mnuchin for Treasury post20
06:52 France's Carrefour eyes second-quarter 2017 4.5 billion euros IPO of Carmila arm: report15