Several major companies reported their earnings before the market opened on October 16, 2024. Morgan Stanley (MS) reported an EPS of $1.88, beating the estimate of $1.59, and revenue of $15.38 billion, surpassing the forecast of $14.35 billion. The company's pre-market stock price rose by 3.40%, driven by strong Wealth Management, investment banking, and trading revenue. Abbott Labs (ABT) announced an EPS of $1.21, slightly above the estimate of $1.20, and revenue of $10.64 billion, exceeding the forecast of $10.55 billion. Despite these positive results, the company’s pre-market stock price fell by 0.3% after narrowing its FY outlook and announcing a $7 billion share buyback program. US Bancorp (USB) also reported an EPS of $1.03, beating the estimate by $0.04, but its revenue of $6.83 billion missed expectations. The company's pre-market stock price increased by 3%, despite net charge-offs being slightly above expectations.