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 Road 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 Road was anticipating, primarily based 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 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 12 months 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 12 months in the past. The robust efficiency was propelled by greater shopper exercise with notable energy in fairness buying and selling.
“Morgan Stanley delivered one other robust quarter,” Ted Decide, CEO and chairman of the financial institution stated in a press release. “Six sequential quarters of constant earnings … mirror greater ranges of efficiency in numerous market environments.”
Wealth administration was one other robust phase for the financial institution, which delivered internet revenues of $7.76 billion on greater asset administration revenues. A 12 months 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 12 months.
