earnings
confidence high
sentiment positive
materiality 0.75
Morgan Stanley Q2 net revs $15.0B, EPS $1.82; raises dividend to $0.925
MORGAN STANLEY
2024-Q2 EPS reported
$3.85
- Net revenues $15.0B (+12% YoY); diluted EPS $1.82 vs $1.24; ROTCE 17.5%.
- Institutional Securities revs $7.0B (+23% YoY); Investment Banking $1.6B (+51%).
- Wealth Management revs $6.8B (+2%); record asset management revs; pre-tax margin 26.8%.
- Quarterly dividend increased to $0.925/share; $20B share repurchase program authorized.
- CET1 ratio 15.2%; total client assets $7.2T.