Individuals stroll out of the Morgan Stanley world headquarters in Manhattan on March 20, 2025 in New York Metropolis.
Spencer Platt | Getty Photographs
Morgan Stanley on Wednesday reported second-quarter outcomes that crushed Wall Road expectations on the again of upper buying and selling revenues.
This is what the financial institution reported for the second quarter in contrast with what Wall Road was anticipating, based mostly on a survey of analysts by LSEG:
- Earnings per share: $2.13 vs. $1.96 anticipated
- Income: $16.79 billion versus $16.07 billion anticipated
Internet earnings rose 15% to $3.54 billion, or $2.13 per share, from $3.08 billion, or $1.82 per share, for a similar interval a 12 months in the past. Income elevated 12% from $15 billion.
Institutional securities reported web income of $7.64 billion, in contrast with about $6.98 billion a 12 months in the past. The robust efficiency was propelled by greater shopper exercise with notable power in fairness buying and selling.
“Morgan Stanley delivered one other robust quarter,” Ted Decide, CEO and chairman of the financial institution mentioned in a press release. “Six sequential quarters of constant earnings … mirror greater ranges of efficiency in several market environments.”
Wealth administration was one other robust section for the financial institution, which delivered web revenues of $7.76 billion on greater asset administration revenues. A 12 months in the past, the enterprise noticed income of $6.79 billion.
The financial institution’s inventory dipped greater than 2% on Wednesday following the outcomes. Shares of the corporate have risen about 10% this 12 months.
Clarification: This story has been up to date to make clear the share change and figures for web earnings.
