October 16, 2018 / 11:03 AM / in a month

Morgan Stanley profit rises 19 pct on equity trading strength

Oct 16 (Reuters) - Morgan Stanley reported a 19 percent increase in quarterly profit on Tuesday, with strong performance in its equities trading business outweighing weakness in bond trading.

Net income attributable to Morgan Stanley rose to $2.11 billion, or $1.17 per share, in the third quarter ended Sept. 30, from $1.78 billion, or 93 cents per share, a year ago.

Analysts were expecting $1.01 per share, according to I/B/E/S data from Refinitiv. It was not immediately clear if the reported results were comparable. (Reporting by Sweta Singh in Bengaluru and Matt Scuffham in Toronto Editing by Saumyadeb Chakrabarty)

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