Morgan Stanley traders and bankers joined the rest of their Wall Street rivals in posting better-than-expected revenue, fueling a 32% profit jump for the third quarter.

S&P 500 and Nasdaq 100 futures steady amid tech losses. Morgan Stanley beats Q3 estimates, up 3%, and Cisco climbs 2% on AI optimism.

Wall Street's main indexes were on track for a muted open on Wednesday, following a selloff in tech and oil stocks in the previous session, as investors parsed quarterly results from banks including Morgan Stanley.

Morgan Stanley topped analysts' estimates for third quarter profit as its wealth management, trading and investment banking operations generated more revenue than expected. Here's what the company reported: Earnings:$1.

An investment banking surge at Morgan Stanley (MS) solidified a dealmaking revival across Wall Street, as the firm's profits in the third quarter exceeded analyst expectations. Fees from investment banking jumped 56% from a year ago,

Morgan Stanley's profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its shares up more than 3.5% before the market open. A revival in corporate debt issuance,