Morgan Stanley’s net income climbs to £2.11 billion in the fiscal third quarter

Morgan Stanley (NYSE: MS) published its earnings report for the fiscal third quarter on Thursday that came in stronger than what the analysts had anticipated. The American multinational’s financial results came in a day after its peer, Wells Fargo, revealed a massive 56% decline in third-quarter profit. Morgan Stanley tanked 1% in premarket trading on Thursday but gained close to 3% on market open. The £71.58 billion company that has a price to earnings ratio of 9.23 is now only 1% down year to date in the stock market. Trading stocks online is easier than you think. Here’s how you