Morgan Stanley Beats Estimates

Morgan Stanley (MS), the world's biggest securities firm by market value, said third-quarter profit rose more than analyst estimates because of gains in bond and commodities trading and higher revenue from brokers. Per- share earnings increased to $1.75 from 13 cents, beating the $1.37 average estimate in a survey of 18 analysts by Thomson. The stock price rose 50 cents to close at $72.35.