Morgan Stanley shares surge after strong third-quarter earnings

NEW YORK, Oct. 16 (Xinhua) -- U.S. investment bank and financial service provider Morgan Stanley reported strong third-quarter results on Wednesday, beating analysts' expectations across its key divisions.

Shares of Morgan Stanley surged by 7.5 percent to a record high in early trading on Wednesday.

The bank posted earnings of 1.88 U.S. dollars per share, surpassing the 1.58-dollar estimate from LSEG, whi