NEW YORK CITY (dpa-AFX) - Financial services firm Morgan Stanley (MS) reported Wednesday that net income applicable to the company's shareholders for the third quarter grew to $4.91 billion or $3.03 per share from $4.61 billion or $2.80 per share in the year-ago quarter.
The company's provision for credit losses was $148 million, compared to Nil million in the year-ago quarter.
Net revenues for the quarter grew 12 percent to $20.34 billion from $18.22 billion in the same quarter last year.
Net interest income increased 30 percent to $3.25 billion and non-interest income grew 9 percent to $17.09 billion from last year. Total non-interest expenses increased 12 percent to $13.71 billion from last year.
The Board of Directors also declared a $1.15 quarterly dividend per share, payable on November 13, 2026 to common shareholders of record on October 30, 2026.
In Wednesday's pre-market trading, MS is trading on the NYSE at $186.20, down $0.42 or 0.23 percent.
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