Morgan Stanley quarterly profit jumps on dealmaking boom By Reuters

Morgan Stanley quarterly profit jumps on dealmaking boom By Reuters

© Reuters. FILE PHOTO: The brand for Morgan Stanley is seen on the buying and selling flooring on the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly

(Reuters) – Morgan Stanley (NYSE:) posted an increase in third-quarter profit on Thursday, bolstered by features from file ranges of dealmaking.

Net revenue relevant to frequent shareholders rose to $3.58 billion, or $1.98 per share, within the three months ended Sept. 30, from $2.6 billion, or $1.66 per share, a yr earlier.

Analysts have been anticipating the financial institution to report a profit of $1.68 per share, in line with Refinitiv information.

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