We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Morgan Stanley (MS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended June 2024, Morgan Stanley (MS - Free Report) reported revenue of $15.02 billion, up 11.6% over the same period last year. EPS came in at $1.82, compared to $1.24 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $14.18 billion, representing a surprise of +5.95%. The company delivered an EPS surprise of +10.30%, with the consensus EPS estimate being $1.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Morgan Stanley performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Book value per common share: $56.80 versus the five-analyst average estimate of $56.16.
Return on average common equity: 13% compared to the 11.8% average estimate based on four analysts.
Wealth Management - Total client assets: $5,690 billion compared to the $5,520.24 billion average estimate based on two analysts.
Total assets under management: $1,518 billion versus the two-analyst average estimate of $1,513.86 billion.
Revenues- Investment banking: $1.39 billion compared to the $1.48 billion average estimate based on four analysts. The reported number represents a change of +20% year over year.
Revenues- Commissions and fees: $1.18 billion versus the four-analyst average estimate of $1.15 billion. The reported number represents a year-over-year change of +8.5%.
Net revenues- Investment Management: $1.39 billion versus $1.41 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
Net revenues- Institutional Securities: $6.98 billion versus the four-analyst average estimate of $6.23 billion. The reported number represents a year-over-year change of +23.5%.
Net interest Revenue: $2.07 billion compared to the $1.91 billion average estimate based on four analysts. The reported number represents a change of +2.8% year over year.
Revenues- Other: $322 million versus the four-analyst average estimate of $575.06 million. The reported number represents a year-over-year change of -34%.
Revenues- Asset management: $5.42 billion versus $5.30 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +57.1% change.
Revenues- Wealth Management- Asset management: $3.99 billion compared to the $3.85 billion average estimate based on three analysts. The reported number represents a change of +15.6% year over year.
Shares of Morgan Stanley have returned +8.5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Morgan Stanley (MS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Morgan Stanley (MS - Free Report) reported revenue of $15.02 billion, up 11.6% over the same period last year. EPS came in at $1.82, compared to $1.24 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $14.18 billion, representing a surprise of +5.95%. The company delivered an EPS surprise of +10.30%, with the consensus EPS estimate being $1.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Morgan Stanley performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Book value per common share: $56.80 versus the five-analyst average estimate of $56.16.
- Return on average common equity: 13% compared to the 11.8% average estimate based on four analysts.
- Wealth Management - Total client assets: $5,690 billion compared to the $5,520.24 billion average estimate based on two analysts.
- Total assets under management: $1,518 billion versus the two-analyst average estimate of $1,513.86 billion.
- Revenues- Investment banking: $1.39 billion compared to the $1.48 billion average estimate based on four analysts. The reported number represents a change of +20% year over year.
- Revenues- Commissions and fees: $1.18 billion versus the four-analyst average estimate of $1.15 billion. The reported number represents a year-over-year change of +8.5%.
- Net revenues- Investment Management: $1.39 billion versus $1.41 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
- Net revenues- Institutional Securities: $6.98 billion versus the four-analyst average estimate of $6.23 billion. The reported number represents a year-over-year change of +23.5%.
- Net interest Revenue: $2.07 billion compared to the $1.91 billion average estimate based on four analysts. The reported number represents a change of +2.8% year over year.
- Revenues- Other: $322 million versus the four-analyst average estimate of $575.06 million. The reported number represents a year-over-year change of -34%.
- Revenues- Asset management: $5.42 billion versus $5.30 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +57.1% change.
- Revenues- Wealth Management- Asset management: $3.99 billion compared to the $3.85 billion average estimate based on three analysts. The reported number represents a change of +15.6% year over year.
View all Key Company Metrics for Morgan Stanley here>>>Shares of Morgan Stanley have returned +8.5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.