Morgan Stanley earnings rise by 62% to $1.5 bn
Global financial services firm Morgan Stanley has reported a 62% growth in earnings applicable to common shareholders, from $939 million to $1.5 billion in the quarter ended September from the year-ago period. The firm also reported a 15% year-on-year growth in revenue to $8.9 billion. Morgan Stanley attributed the growth to "strong performance across sales and trading". 