Morgan Stanley's total revenue for the quarter rose 12% to $8.91bn.

Morgan Stanley's total revenue for the quarter rose 12% to $8.91bn.

Morgan Stanley has reported an 87% jump in profits to $1.65bn (£1bn) in the three months to the end of September. Morgan Stanley is a US investment bank.Since it is a investment bank, it is different from other commercial banks. It handles trading of currencies, commodities and bonds was a big driver of profits, wealth management and even,advising high earners on their finances.

It's bond trading activities have reportedly benefited inspite of  obstacles at bond giant Pimco.

This September, Bill Gross,trading superstar  made a surprise exit from the world's biggest bond firm.
The departure of the superstar,Mr Gross from Pimco induces investors to withdraw billions of dolklars from the company and remaing could be used to learn other trading business.

Morgan Stanley's total revenue for the quarter rose 12% to $8.91bn.

19.4% to $997m were from bond trading and in addition to that wealth management revenue rose 9% to $3.79bn.

Similar to it, Goldman Sachs reported a 50% rise in profits.

As of September 30, 2014, the Firm’s Common Equity Tier 1 risk-based capital ratio was approximately 14.3% and its Tier 1 risk-based capital ratio was approximately 16.1%. The Firm is subject to a “capital floor” such that these regulatory capital ratios currently reflect the U.S. Basel III Advanced Approaches (“Advanced Approach”) transitional rules, which represent the lower of the Firm’s capital ratios calculated under the Advanced Approach and U.S. Basel I and Basel 2.5 capital rules, taking into consideration applicable transitional provisions under U.S. Basel III.1

Compensation expense of $4.2 billion increased from $4.0 billion a year ago primarily driven by higher revenues. Non-compensation expenses of $2.4 billion decreased from $2.6 billion a year ago primarily reflecting lower litigation costs.

Chairman  James Gorman said,"We are well positioned to create superior returns for our shareholders, particularly as the US economy continues to strengthen."