Stocks in Action USA: Morgan Stanley, Veritone, LVMH
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Morgan Stanley (MS) - Investment Banking Turbo Drives Record Profits and Asset Growth. Stock Hits All-Time High! Morgan Stanley significantly exceeds expectations in the third quarter: Earnings per share stand at $2.80, while analysts had expected an average of only $2.10. Revenue reaches $18.22 billion, representing an increase of 18.5% compared to the previous year. The growth is primarily driven by a 44% increase in investment banking, partly due to advising on major mergers such as the $85 billion acquisition of Norfolk Southern by Union...
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