Morgan Stanley (MS) Posts Q2 GAAP EPS of 75c

Morgan Stanley (NYSE: MS) reported Q2 EPS of $0.75, $0.16 better than the analyst estimate of $0.59. Revenue for the quarter came in at $8.91 billion versus the consensus estimate of $8.3 billion.

Compensation expense of $4.0 billion decreased from $4.4 billion a year ago partially driven by lower revenues. Non-compensation expenses of $2.4 billion decreased from $2.6 billion a year ago. Results reflect execution of the Firm’s disciplined expense management strategy.

James P. Gorman, Chairman and Chief Executive Officer, said, “Our results this quarter reflect solid performance in an improved but still fragile environment. In the midst of market uncertainty, we maintained our leadership positions across our core franchises and continued our focus on prudent risk management and judicious expense control. We remain committed to executing for our clients and delivering on our strategic priorities for our shareholders.”

The annualized return on average common equity was 8.3 percent in the current quarte

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

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