Morgan Stanley reported robust third-quarter results with net income rising 32% to $3.2 billion, or $1.88 per share, compared to $2.4 billion, or $1.38 per share, in Q3 2023. Net revenues increased 16% to $15.4 billion, driven by strong performance across all business segments. Investment banking revenues surged 56% to $1.5 billion on higher underwriting and advisory activities.The Institutional Securities segment saw revenues rise 20% to $6.8 billion, benefiting from increased equity trading and investment banking activity. Wealth Management revenues grew 14% to $7.3 billion, with total client assets reaching $6 trillion and net new assets of $64 billion. Investment Management revenues increased 9% to $1.5 billion on higher asset management fees.The firm maintained strong capital levels with a Common Equity Tier 1 ratio of 15.1%. Total deposits increased to $363.7 billion, while loans grew to $240.9 billion. The provision for credit losses decreased to $79 million from $134 million in Q3 2023, reflecting improved macroeconomic conditions. The firm continued its capital return program, repurchasing $750 million of common stock during the quarter.

Morgan Stanley reported robust third-quarter results with net income rising 32% to $3.2 billion, or $1.88 per share, compared to $2.4 billion, or $1.38 per share, in Q3 2023. Net revenues increased 16% to $15.4 billion, driven by strong performance across all business segments. Investment banking revenues surged 56% to $1.5 billion on higher underwriting and advisory activities.The Institutional Securities segment saw revenues rise 20% to $6.8 billion, benefiting from increased equity trading and investment banking activity. Wealth Management revenues grew 14% to $7.3 billion, with total client assets reaching $6 trillion and net new assets of $64 billion. Investment Management revenues increased 9% to $1.5 billion on higher asset management fees.The firm maintained strong capital levels with a Common Equity Tier 1 ratio of 15.1%. Total deposits increased to $363.7 billion, while loans grew to $240.9 billion. The provision for credit losses decreased to $79 million from $134 million in Q3 2023, reflecting improved macroeconomic conditions. The firm continued its capital return program, repurchasing $750 million of common stock during the quarter.