Morgan Stanley: Q4 EPS exceeds consensus

(CercleFinance.com) - Morgan Stanley has reported higher-than-expected Q4 earnings today, boosted by business growth in all its core businesses, and especially equity markets.


The US bank's net income, group share reached $3.7bn, or $2.22 per share, for the last three months of the year, well above the $1.5bn ($0.85 per share) announced a year ago.

This result easily beat the consensus, which was targeting EPS of $1.69.

Net banking income came in at $16.2bn, compared with $12.9bn in the same period in 2023.

Like Goldman Sachs and JPMorgan yesterday, Morgan Stanley beat analysts' forecasts by a wide margin, thanks to strong business in its Institutional Securities division, which includes investment banking and securities brokerage.

Income from equities jumped by 51%, while income from bonds and commodities rose by 35%. Investment banking revenues were up by 25%.

Wealth management revenues were up by 13%.

Following this publication, Morgan Stanley shares gained around 1% in pmt on Thursday morning on Wall Street. The stock rose nearly 5% yesterday in the wake of good results from its banking counterparts.


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