Morgan Stanley (MS) Tops Q2 EPS by 92c

Morgan Stanley (NYSE: MS) reported Q2 EPS of $2.04, $0.92 better than the analyst estimate of $1.12. Revenue for the quarter came in at $13.4 billion versus the consensus estimate of $10.31 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “Our decade long business transformation was intended to provide stability during times of serious stress. The second quarter tested the model and we performed exceedingly well, delivering record results. This builds on the momentum of a very strong first quarter, while more than 90% of our employees continue to work from home, demonstrating the ongoing operational resilience of our platform. We remain focused on supporting our employees, communities, and clients, while managing our risk and continuing to invest in our businesses.”

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

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