According to the statements of the Morgan Stanley bank holding company, the bank's net profit attributable to shareholders in the period from January to September 2022 decreased by 23% compared to the same period in 2021 and amounted to $8.427 billion. Diluted earnings per share were $4.88 versus $6.02 a year earlier. Net revenue decreased by 10% to $40.919 billion. According to the results of the third quarter, the corporation's net profit decreased by 29% year-on-year, to $2.632 billion. Diluted earnings per share were $1.47 versus $1.98 a year earlier. Morgan Stanley's net revenue for the quarter amounted to $12.986 billion, which is 12% lower than the same indicator in 2021. Analysts had forecast revenue at $13.23 billion. The head of the bank, James Gorman, noted that the company's activities were stable and balanced in an uncertain and difficult environment. Morgan Stanley shares are rising by 3.55% at preliminary trading in the US today.
