Morgan Stanley (MS) Tops Q2 EPS by 9c

Morgan Stanley (NYSE: MS) reported Q2 EPS of $1.23, $0.09 better than the analyst estimate of $1.14. Revenue for the quarter came in at $10.2 billion versus the consensus estimate of $9.99 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “We reported solid quarterly results across all our businesses. Firmwide revenues were over $10 billion and we produced an ROE within our target range, demonstrating the stability of our franchise. We remain focused on serving our clients and pursuing growth opportunities while diligently managing expenses.”

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

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