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Morgan Stanley posts earnings beat driven by strong trading revenue

10 days ago   |   By Business Insider

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Morgan Stanley reported third quarter earnings that beat analyst revenue and income expectations.
The 17% surge in revenue comes amid an acquisition spree by the firm, as it acquired both E-Trade and Eaton Vance so far this year.
"We delivered strong quarterly earnings as markets remained active through the summer months, and our balanced business model continued to deliver consistent, high returns," CEO James Gorman said.
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