Recap: Morgan Stanley Q2 Earnings


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Shares of Morgan Stanley (NYSE:MS) moved higher by 0.3% in pre-market trading after the company reported Q2 results.

Quarterly Results

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Earnings per share rose 65.85% year over year to $2.04, which beat the estimate of $1.12.

Revenue of $13,400,000,000 rose by 30.81% from the same period last year, which beat the estimate of $10,310,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details


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Date: Jul 16, 2020

Time: 08:00 AM

ET Webcast URL: https://www.morganstanley.com/about-us-ir

Recent Stock Performance

52-week high: $57.57

Company's 52-week low was at $27.20

Price action over last quarter: Up 33.03%

Company Overview

Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments. The company had $2.7 trillion of client assets as well as more than 60,000 employees at the end of 2019. Approximately half of the company's net revenue is from its institutional securities business, with the other half coming from wealth and asset management. The company derives about 30% of its total revenue outside the Americas.


This 141-Year-Old Retailer Is Outperforming Amazon

Forget tech behemoths. This old stock is expanding faster while raising dividends. Believe it or not, it has handily beaten Amazon’s 117% run since 2019. By reading Benzinga’s latest insider-only report, you can set yourself up for future profits and income with this stock, plus more.Get access for just $0.99.


Posted In: EarningsNews