Morgan Stanley ’s third-quarter revenue rose 36% from a 12 months earlier, because of all-time excessive revenues from advising on mergers and acquisitions.
The New York financial institution reported revenue of $3.71 billion, or $1.98 a share. That exceeded the $1.69 anticipated by analysts polled by FactSet. Income was up 26% to $14.75 billion. That beat the anticipated $13.93 billion.