Credit: Reuters/Mike Blake
The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013.
The Wall Street bank and brokerage recorded net income of $888 million, or 44 cents per share, from continuing operations in the third quarter compared with a loss of $1 billion, or 55 cents, a year earlier.
The year-earlier figure included an accounting charge of $2.3 billion to reflect a rise in the value of Morgan Stanley's debt.
Excluding an accounting adjustment that analysts and investors typically ignore, Morgan Stanley earned 50 cents per share.
(Reporting by Lauren Tara LaCapra in New York and Tanya Agrawal in Bangalore; Editing by Ted Kerr)
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Thank You for Visiting Morgan Stanley revenue jumps 50 percent on strong equities trading.
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