Morgan Stanley quarterly net income $1.425 billion
SAN FRANCISCO (MarketWatch) -- Morgan Stanley (MS:
MS 28.70, -3.49, -10.8%) said late Tuesday that fiscal third-quarter net income came in at $1.425 billion, or $1.32 a share, down slightly from a year earlier when the investment bank made $1.543 billion, or $1.44 a share. Net revenues were $8 billion in the latest quarter, 1% above last year's third quarter, the firm added. Morgan Stanley was expected to make 79 cents a share, according to a FactSet analyst survey. Morgan Stanley shares rose in after-hours action.