Morgan Stanley on July 15 reported $14.8 billion of revenue for the second quarter, an 8% increase on the same period a year earlier.
Income from trading stocks and bonds of $4.5 billion was down 20% year-on-year, but roughly 40% above the same period in 2019. The wealth management business, which includes E*Trade, the brokerage Morgan Stanley bought in 2020, reported $71.2 billion of net new assets and a 30% increase in revenue. Morgan Stanley said on June 28 it would double its dividend and buy back up to $12 billion of stock following stress tests conducted by the Federal Reserve.A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018.
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Morgan Stanley beats estimates as record deal-making cushions trading blowMorgan Stanley (MS.N) reported a better-than-expected quarterly profit on Thursday, as its investment banking business benefited from record levels of capital market activity that helped offset a slump in fixed income underwriting.
Source: Reuters - 🏆 2. / 97 Read more »
Morgan Stanley earnings beat estimates as stock trading and investment banking top expectationsEARNINGS: Morgan Stanley's Q2 earnings report beats expectations. -EPS: $1.85, vs. $1.65 est. -Revenue: $14.8 billion, vs. $13.98 billion est. WilfredFrost reports.
Source: CNBC - 🏆 12. / 72 Read more »
Morgan Stanley beats estimates as record deal-making cushions trading blowMorgan Stanley (MS.N) reported a better-than-expected quarterly profit on Thursday, as its investment banking business benefited from record levels of capital market activity that helped offset a slump in fixed income underwriting.
Source: Reuters - 🏆 2. / 97 Read more »
Morgan Stanley earnings beat estimates as stock trading and investment banking top expectationsEARNINGS: Morgan Stanley's Q2 earnings report beats expectations. -EPS: $1.85, vs. $1.65 est. -Revenue: $14.8 billion, vs. $13.98 billion est. WilfredFrost reports.
Source: CNBC - 🏆 12. / 72 Read more »