Morgan Stanley profits soar past Wall Street's forecasts — as stock trading trounces predictions
1. Morgan Stanley's Q3 earnings exceeded forecasts significantly. 2. Equities trading revenue surged 35% to $4.12 billion. 3. Profit rose 45% year-over-year, beating earnings expectations. 4. Higher costs reported, with compensation expenses reaching $7.44 billion. 5. An active trading environment boosts overall market expectations.