Individuals stroll out of the Morgan Stanley international headquarters in Manhattan on March 20, 2025 in New York Metropolis.
Spencer Platt | Getty Pictures
Morgan Stanley on Wednesday reported second-quarter outcomes that crushed Wall Avenue expectations on the again of upper buying and selling revenues.
Here is what the financial institution reported for the second quarter in contrast with what Wall Avenue was anticipating, based mostly on a survey of analysts by LSEG:
- Earnings per share: $2.13 vs. $1.96 anticipated
- Income: $16.79 billion versus $16.07 billion anticipated
Internet earnings rose 13% to $3.5 billion, or $2.13 per share, from $3.1 billion, or $1.82 per share, for a similar interval a yr in the past.
Institutional securities reported internet revenues of $7.64 billion, in comparison with about $6.98 billion a yr in the past. The sturdy efficiency was propelled by increased consumer exercise with notable power in fairness buying and selling.
“Morgan Stanley delivered one other sturdy quarter,” Ted Decide, CEO and chairman of the financial institution mentioned in a press release. “Six sequential quarters of constant earnings … replicate increased ranges of efficiency in numerous market environments.”
Wealth administration was one other sturdy section for the financial institution, which delivered internet revenues of $7.76 billion on increased asset administration revenues. A yr in the past, the enterprise noticed revenues of $6.79 billion.
The financial institution inventory dipped greater than 2% Wednesday following the outcomes. Shares have risen about 10% this yr.
