Earnings, adjusted for pretax gains and to account for discontinued operations, came to 73 cents per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The investment bank posted revenue of $11.67 billion in the period. Its revenue net of interest expense was $8.55 billion, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $9.44 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MS at https://www.zacks.com/ap/MS