Individuals stroll out of the Morgan Stanley international headquarters in Manhattan on March 20, 2025 in New York Metropolis.
Spencer Platt | Getty Photographs
Morgan Stanley on Wednesday reported second-quarter outcomes that crushed Wall Avenue expectations on the again of upper buying and selling revenues.
This 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
Web revenue rose 15% to $3.54 billion, or $2.13 per share, from $3.08 billion, or $1.82 per share, for a similar interval a yr in the past. Income elevated 12% from $15 billion.
Institutional securities reported internet income of $7.64 billion, in contrast with about $6.98 billion a yr in the past. The sturdy efficiency was propelled by larger shopper 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 stated in an announcement. “Six sequential quarters of constant earnings … mirror larger ranges of efficiency in numerous market environments.”
Wealth administration was one other sturdy phase for the financial institution, which delivered internet revenues of $7.76 billion on larger asset administration revenues. A yr in the past, the enterprise noticed income of $6.79 billion.
The financial institution’s inventory dipped greater than 2% on Wednesday following the outcomes. Shares of the corporate have risen about 10% this yr.
Clarification: This story has been up to date to make clear the share change and figures for internet revenue.
