Morgan Stanley (NYSE:MS) Expansion Capital has acquired a stake in the Rio Ferdinand-backed, UK-based payments fintech Sokin through a $31 million investment that will then be used to fund product growth and international expansion. Sokin will continue to operate independently, with CEO Vroon Modgill maintaining a significant shareholding.
Morgan Stanley (MS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Although the revenue and EPS for Morgan Stanley (MS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Morgan Stanley (NYSE:MS ) Q2 2024 Earnings Conference Call July 16, 2024 9:30 AM ET Company Participants Ted Pick - CEO Sharon Yeshaya - CFO Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Mike Mayo - Wells Fargo Securities Dan Fannon - Jefferies Brennan Hawken - UBS Devin Ryan - JMP Securities Steven Chubak - Wolfe Research Gerard Cassidy - RBC Saul Martinez - HSBC Operator Good morning. Welcome to Morgan Stanley's Second Quarter 2024 Earnings Call.
Bank earnings are flooding in, with Morgan Stanley (NYSE:MS) and Charles Schwab Corporation (NYSE:SCHW) among the latest to report second-quarter results.
The resurgence of the capital markets businesses majorly supports Morgan Stanley's (MS) Q2 earnings, while the muted wealth management business acts as a spoilsport.
Morgan Stanley (MS) came out with quarterly earnings of $1.82 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.24 per share a year ago.
Morgan Stanley's (MS) second-quarter 2024 earnings are expected to have been positively impacted by a decent trading performance.
In the most recent trading session, Morgan Stanley (MS) closed at $104.09, indicating a -0.53% shift from the previous trading day.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Morgan Stanley (MS) have what it takes?
Morgan Stanley (MS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Morgan Stanley (MS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.