Loeb Scores Another Win as Morgan Stanley (MS) Reports Healthy Q4
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Price: $92.56 -1.37%
EPS Growth %: +18.8%
Financial Fact:
Provision for income taxes: 749M
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: +18.8%
Financial Fact:
Provision for income taxes: 749M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Shares of Morgan Stanley (NYSE: MS) climbed early on Friday after the bank reported Q4 results that easily topped estimates. With all segments showing improvements year-over-year, some investors are confident the company’s turnaround is well underway.
In Q4 Morgan Stanley reported revenue of $7 billion, in-line with estimates and well ahead of 2011 revenue of $5.7 billion. Excluding DVA, Q4 net revenues were $7.5 billion compared to $5.5 billion last year.
Morgan Stanley reported EPS of Q4 EPS of $0.45, $0.18 better than the analyst estimate of $0.27. Income from continuing operations totaled $573 million compared with a loss of $222 million last year.
Institutional Securities reported a pre-tax gain from continuing operations of $57 million compared with a pre-tax loss of $772 million in the fourth quarter of last year.
Global Wealth Management Group reported pre-tax income from continuing operations of $581 million compared with $238 million in the fourth quarter of last year.
Asset Management reported pre-tax income from continuing operations of $221 million compared with pre-tax income of $78 million in last year’s fourth quarter.
James P. Gorman, Chairman and Chief Executive Officer, said Morgan Stanley has reached a pivot point and thinks the firm is "now poised to reach the returns of which it is capable on behalf of our shareholders." His words are a welcome breath of fresh air to MS investors like hedge fund manager Dan Loeb of Third Point, who recently disclosed a big fat stake. Finally, it seems, the bank is firing on all four cylinders.
Shares of Morgan Stanley are higher by 7 percent in pre-market trading Friday.
In Q4 Morgan Stanley reported revenue of $7 billion, in-line with estimates and well ahead of 2011 revenue of $5.7 billion. Excluding DVA, Q4 net revenues were $7.5 billion compared to $5.5 billion last year.
Morgan Stanley reported EPS of Q4 EPS of $0.45, $0.18 better than the analyst estimate of $0.27. Income from continuing operations totaled $573 million compared with a loss of $222 million last year.
Institutional Securities reported a pre-tax gain from continuing operations of $57 million compared with a pre-tax loss of $772 million in the fourth quarter of last year.
Global Wealth Management Group reported pre-tax income from continuing operations of $581 million compared with $238 million in the fourth quarter of last year.
Asset Management reported pre-tax income from continuing operations of $221 million compared with pre-tax income of $78 million in last year’s fourth quarter.
James P. Gorman, Chairman and Chief Executive Officer, said Morgan Stanley has reached a pivot point and thinks the firm is "now poised to reach the returns of which it is capable on behalf of our shareholders." His words are a welcome breath of fresh air to MS investors like hedge fund manager Dan Loeb of Third Point, who recently disclosed a big fat stake. Finally, it seems, the bank is firing on all four cylinders.
Shares of Morgan Stanley are higher by 7 percent in pre-market trading Friday.
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