Morgan Stanley (MS) Jumps Higher as Q4 Numbers Obliterate Views
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Financial Fact:
Occupancy and equipment: 339M
Today's EPS Names:
SFNC, CSBR, MAN, More
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Morgan Stanley (NYSE: MS) is also ripping higher early Thursday, following fourth-quarter numbers.
Total net revenues fell 26.3 percent to $5.709 billion, from $7.743 billion in the same period last year.
The firm swung to a loss in the quarter, from net income of $600 million last year to minus $275 million, or 14 cents per share, in the most recent quarter.
Analysts were expecting revs of $5.57 billion and a loss of 57 cents per share on average.
Compensation expense fell from $4.0 billion to $3.8 billion, or 67 percent of the total including MBIA expense. Excluding MBIA, and the ratio fell to 51 percent.
Tier 1 capital ratio was 16.6 percent ,and Tier 1 common was 13.0 percent. The return on average common equity from continuing operations for the full year was 3.9%.
Institutional Securities saw a 42 percent decline in revs to $2.071 billion, while Asset Management revs fell about 50 percent to $424 million.
Notably, trading revs improved 13.5 percent to $969 million.
Following the numbers, shares of Morgan Stanley are up 4.6 percent.
Total net revenues fell 26.3 percent to $5.709 billion, from $7.743 billion in the same period last year.
The firm swung to a loss in the quarter, from net income of $600 million last year to minus $275 million, or 14 cents per share, in the most recent quarter.
Analysts were expecting revs of $5.57 billion and a loss of 57 cents per share on average.
Compensation expense fell from $4.0 billion to $3.8 billion, or 67 percent of the total including MBIA expense. Excluding MBIA, and the ratio fell to 51 percent.
Tier 1 capital ratio was 16.6 percent ,and Tier 1 common was 13.0 percent. The return on average common equity from continuing operations for the full year was 3.9%.
Institutional Securities saw a 42 percent decline in revs to $2.071 billion, while Asset Management revs fell about 50 percent to $424 million.
Notably, trading revs improved 13.5 percent to $969 million.
Following the numbers, shares of Morgan Stanley are up 4.6 percent.
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