NEW YORK CITY (dpa-AFX) - Morgan Stanley (MS) revealed a profit for its second quarter that Increases, from the same period last year and beat the Street estimates.
The company's bottom line totaled $3.539 billion, or $2.13 per share. This compares with $3.076 billion, or $1.82 per share, last year.
Analysts on average had expected the company to earn $2.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.8% to $16.792 billion from $15.019 billion last year.
Morgan Stanley earnings at a glance (GAAP) :
-Earnings: $3.539 Bln. vs. $3.076 Bln. last year. -EPS: $2.13 vs. $1.82 last year. -Revenue: $16.792 Bln vs. $15.019 Bln last year.
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