Morgan Stanley posts earnings of 42 cents a share vs 62 cents expected
October 19, 2015 at 07:00 AM EDT
This is a breaking news story. Wall Street had expected Morgan Stanley to deliver quarterly earnings per share of 62 cents on $8.54 billion in revenue, according to consensus estimates from Thomson Reuters. Analysts have cut Morgan Stanley from 68 cents to 63 cents, according to FactSet.