Morgan Stanley beat Q3 earnings estimates, launched digital initiatives, and saw strong institutional ownership despite a minor stake drop.

Morgan Stanley reported strong Q3 earnings, beating estimates with $2.80 EPS and $17.98 billion in revenue, up 18.5% year-over-year. The company filed for spot Ethereum ETFs, launched a digital wallet, and appointed 184 new managing directors, signaling growth in digital finance and investment banking. Despite a 4.0% stake reduction by New York State Teachers Retirement System, institutional ownership remains high at 84.19%. Analysts maintain a "Moderate Buy" consensus, with a target price of $181.85, as shares trade near a 1-year high of $188.82. The stock yields 2.1% with a $1.00 quarterly dividend.