Being the biggest is not always the best, as Goldman Sachs and Morgan Stanley are being reminded. But Bank of America and Citi’s brief turn in the limelight may not last, writes AntonyMCurrie.
Morgan Stanley on Oct. 17 reported third-quarter net income available to common shareholders of almost $2.1 billion, a 2% increase on the same period last year. At $1.
27 per diluted share, earnings beat the mean $1.11 per share expected by sell-side analysts, according to Refinitiv data. Annualized return on equity for the period was 11.2%.
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