Morgan Stanley(NYSE:MS) stock rose by 1.12% on Friday after the company reported its Q3 earnings results on Thursday, October 14, 2021 at 07:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Morgan Stanley beat their estimated earnings by 20.71%, which surprised analysts.
Revenue was up $3,096,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.24, which was followed by a 1.49% drop in the share price the next day.
Here’s a look at Morgan Stanley’s past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 1.69 | 1.65 | 1.70 | 1.27 | 1.28 |
| EPS Actual | 2.04 | 1.89 | 2.22 | 1.92 | 1.66 |
| Price Change % | 1.12% | -1.49% | -2.76% | -0.19% | 1.01% |
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