Morgan Stanley almost doubles equity underwriting revenues

By Bill Thornhill
23 Oct 2014

Morgan Stanley reported third quarter (Q3) earnings of $1.7bn last Friday, up from $889m in the same period the year before. The improvement was driven by its wealth management and institutional securities businesses.

Like other banks on the Street, notably Credit Suisse, fixed income trading has picked up again after a torrid first half. Third quarter fixed income revenues, excluding DVA, rose by 19% from $835m a year earlier to $997m in Q3. 

Morgan Stanley said FX and securitized products had done ...

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