Morgan Stanley (MS) Tops Q4 EPS by 17c

(Updated - January 17, 2017 6:57 AM EST)

Morgan Stanley (NYSE: MS) reported Q4 EPS of $0.81, $0.17 better than the analyst estimate of $0.64. Revenue for the quarter came in at $9 billion versus the consensus estimate of $8.35 billion.

Fourth Quarter Business Overview

• Institutional Securities net revenues were $4.6 billion reflecting strong results across our Sales and Trading franchise and continued strength in M&A advisory.
• Wealth Management net revenues were $4.0 billion and pre-tax margin was 22%.2 Fee-based asset flows for the quarter were $17.1 billion.
• Investment Management reported net revenues of $500 million with assets under management or supervision of $417 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “Our quarterly results reflect consistent strong performance, while our annual results show meaningful earnings growth over 2015. We reported solid results in Sales & Trading and Advisory, and record revenues in Wealth Management, while managing expenses prudently. We are optimistic about opportunities in 2017 and beyond and remain focused on serving our clients and achieving our strategic objectives.”

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

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