Morgan Stanley Q2 EPS $1.24, down from $1.39 YoY; Wealth Management revenue record $6.66B

MORGAN STANLEY

2023-Q2 EPS reported $2.95

Net revenue $13.5B vs $13.1B YoY; net income $2.2B; EPS $1.24 vs $1.39.
Wealth Management record revenue $6.66B (+16% YoY) with $89.5B net new assets.
Institutional Securities revenue $5.65B; Fixed Income -31%, Equity -14% YoY.
Quarterly dividend raised to $0.85/share (+$0.075); $20B buyback program reauthorized.
Standardized CET1 ratio 15.5%; $1B in stock repurchased during quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MORGAN STANLEY reported the second quarter ended June 30, 2023 results: revenue $13.5 billion, net income $2.2 billion, EPS $1.24 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $13.5 billion
Net income: $2.2 billion
EPS: $1.24 per diluted share
Result: reported results

Exact text from the filing

Morgan Stanley (NYSE: MS) today reported net revenues of $13.5 billion for the second quarter ended June 30, 2023 compared with $13.1 billion a year ago. Net income applicable to Morgan Stanley was $2.2 billion, or $1.24 per diluted share, 1 compared with net income of $2.5 billion, or $1.39 per diluted share, 1 for the same period a year ago.

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Source: SEC EDGAR

accession 0001157523-23-001098

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