Morgan Stanley Quarterly Earnings Report: Profit Boosts From Bond Trading In Q3 2016

Things are looking up for Morgan Stanley.

On Wednesday, the Wall Street investment bank posted a better-than-expected third quarter profit, which was boosted by a surge in bond trading, Reuters reported.

In the quarter that ended Sept. 30, Morgan Stanley’s net income was $1.5 billion, or 81 cents per share. Analysts expected earnings of 63 cents per share.

For the same period in 2015, Morgan Stanley earnings were 34 cents per share, which makes this quarter's gain 139 percent.