Morgan Stanley (MS) Tops Q2 EPS by 5c

Morgan Stanley (NYSE: MS) reported Q2 EPS of $0.79, $0.05 better than the analyst estimate of $0.74. Revenue was $9.56 billion, while consensus estimates were at $9.1 billion.

Business Overview

• Institutional Securities net revenues excluding DVA were $5.0 billion.10 Revenues for the quarter reflect robust performance in Equity sales and trading, strong results in Investment Banking and continued progress in Fixed Income and Commodities sales and trading.
• Wealth Management net revenues were $3.9 billion. The pre-tax margin was 23%.6 Fee based asset flows for the quarter were $13.9 billion, with total client assets of $2.0 trillion at quarter end.
• Investment Management reported net revenues of $751 million with assets under management or supervision of $403 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “We delivered a strong quarter across each of our businesses, through client-focused execution, expense discipline and prudent risk management. We remain focused on delivering the long-term value of this franchise.”

For earnings history and earnings-related data on Morgan Stanley (MS) click here.

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