Morgan Stanley reports results for the quarter ended September 30 — Earnings Summary

Morgan Stanley reported quarterly adjusted earnings of $3.03​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.80. The mean expectation of twenty analysts for the quarter was for earnings of $2.91 per share. Wall Street expected results to range from $2.60 to $3.19 per share. Revenue rose 11.6% to $20.34 billion from a year ago; analysts expected $19.95 billion. Morgan Stanley's reported EPS for the quarter was $3.03​. The company reported quarterly net income of $4.75 billion. Morgan Stanley shares had fallen by 0.8% this quarter and gained 5.1% so far this year. Forecast Changes The mean earnings estimate of analysts had fallen by about 5.7% in the last three months.​ In the last 30 days, sixteen analysts negatively revised earnings estimates Recommendations The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is also "buy" Wall Street's median 12-month price target for Morgan Stanley is $223.00, about