Investing.com - (NYSE:Morgan Stanley's) second-quarter earnings beat analyst estimates.
Diluted earnings per share rose 16% from a year earlier to $0.87, compared with an estimate of $0.76.
Revenues in the quarter rose 7% from a year earlier to $9.50 billion against a forecast of $9.09 billion.
However, compared with the March quarter both EPS and revenues were lower.
Trading revenues in the quarter were up 7% year-on-year at $2.93 billion but were off 9% from the March quarter.
Annualized return on average common equity was 9.1% in the quarter.