(Reuters) - Morgan Stanley
The bank's sales and trading revenue rose 7.5 percent to $3.13 billion, with equities revenue rising 7 percent. Bond trading revenue was up just 1 percent.
Uncertainty in global markets due to an escalating U.S.-China trade tariff war and a rout in the Turkish lira kept market volatility elevated through most of the third quarter.
Bond trading revenue at top Wall Street bank JPMorgan
Morgan Stanley's direct competitor, Goldman Sachs
Morgan Stanley's total revenue rose 7.3 percent to $9.87 billion.
Net income attributable to Morgan Stanley rose to $2.11 billion, or $1.17 per share, in the third quarter ended Sept. 30, from $1.78 billion, or 93 cents per share, a year ago.
Analysts were expecting $1.01 per share, according to I/B/E/S data from Refinitiv.
(Reporting by Sweta Singh in Bengaluru and Matt Scuffham in Toronto; Editing by Saumyadeb Chakrabarty)