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Morgan Stanley profit beats estimates on dealmaking boost, shares soar

By Arasu Kannagi Basil (Reuters) -Morgan Stanley's profit beat estimates in the third quarter as a surge in dealmaking drove revenue to records, and the company's finance chief said its investment banking pipeline is at "all-time highs." Shares were last up 6.7% after earlier touching a record high. They have risen 32% this year. "Our equities business affirmed its number one position with a standout quarter," CEO Ted Pick told analysts on a conference call. "A rebound in the investment banking environm ...