People locomotion retired of the Morgan Stanley planetary office successful Manhattan connected March 20, 2025 successful New York City.
Spencer Platt | Getty Images
Morgan Stanley connected Wednesday reported second-quarter results that crushed Wall Street expectations connected the backmost of higher trading revenues.
Here's what the slope reported for the 2nd 4th compared with what Wall Street was expecting, based connected a survey of analysts by LSEG:
- Earnings per share: $2.13 vs. $1.96 expected
- Revenue: $16.79 cardinal versus $16.07 cardinal expected
Net income roseate 15% to $3.54 billion, oregon $2.13 per share, from $3.08 billion, oregon $1.82 per share, for the aforesaid play a twelvemonth ago. Revenue accrued 12% from $15 billion.
Institutional securities reported nett gross of $7.64 billion, compared with astir $6.98 cardinal a twelvemonth ago. The beardown show was propelled by higher lawsuit enactment with notable spot successful equity trading.
"Morgan Stanley delivered different beardown quarter," Ted Pick, CEO and president of the slope said successful a statement. "Six sequential quarters of accordant net ... bespeak higher levels of show successful antithetic marketplace environments."
Wealth absorption was different beardown conception for the bank, which delivered nett revenues of $7.76 cardinal connected higher plus absorption revenues. A twelvemonth ago, the concern saw gross of $6.79 billion.
The bank's banal dipped much than 2% connected Wednesday pursuing the results. Shares of the institution person risen astir 10% this year.
Clarification: This communicative has been updated to clarify the percent alteration and figures for nett income.
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