Morgan Stanley reports Q3 EPS $1.38, consensus $1.22

Reports Q3 revenue $13.27B, consensus $12.58B. Reports Q3 tangible book value per share $40.53. Reports Q3 CET1 capital ratio 15.5%. James Gorman, chairman and CEO, said, “While the market environment remained mixed this quarter, the Firm delivered solid results with an ROTCE of 13.5%. Our Equity and Fixed Income businesses navigated markets well, and both Wealth and Investment Management produced higher revenues and profits year-over-year. We completed the integration of E*TRADE in the quarter, further executing on our strategy of building revenue synergies across channels and attracting clients to our best-in-class advice offering. Our ability to gather assets, together with our strong capital position and leading client franchises, position us to deliver continued growth and strong shareholder returns going forward.”