Morgan Stanley strong, Citi stutters in Q3 US investment bank results

Morgan Stanley looks best in the third quarter, but was just pipped by Goldman over a longer term analysis

Morgan Stanley put on the strongest showing among the big five US investment banks in the third quarter results season, with the best year-on-year change across four of nine key categories, according to Euromoney’s latest analysis.

The bank reported its results today alongside Goldman Sachs, following Bank of America Merrill Lynch, Citigroup and JPMorgan in previous days.

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Of the five, Morgan Stanley showed the best year-on-year progress in group revenues, CIB revenues and profits before tax (PBT), and debt capital markets revenues.

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