Morgan Stanley (MS) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - Morgan Stanley reported quarterly earnings of $2.8 per share, exceeding the Zacks Consensus Estimate of $2.08 per share, and up from $1.88 per share a year ago, representing an earnings surprise of +34.62% [1] - The company achieved revenues of $18.22 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 10.80%, compared to $15.38 billion in the same quarter last year [2] - Morgan Stanley's stock has increased approximately 23.6% year-to-date, outperforming the S&P 500's gain of 13% [3] Earnings Outlook - The future performance of Morgan Stanley's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $2.08 on revenues of $16.24 billion, and for the current fiscal year, it is $8.86 on revenues of $67.19 billion [7] Industry Context - The Financial - Investment Bank industry, to which Morgan Stanley belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]