Morgan Stanley reported strong third-quarter earnings, joining the list of other large financial institutions that reported earnings greater than were expected. Morgan Stanley, like these other institutions, is optimistic about future performance, especially in investment banking and wealth management, which it believes are still in the early recovery stages. So, all the country's largest financial institutions are looking forward to an economy that will be growing, an economy that is going to produce strong bank earnings.
Morgan Stanley (NYSE:MS ) Q3 2024 Earnings Conference Call October 16, 2024 8:30 AM ET Company Participants Ted Pick - Chief Executive Officer Sharon Yeshaya - Chief Financial Officer Conference Call Participants Steven Chubak - Wolfe Research Ebrahim Poonawala - Bank of America Glenn Schorr - Evercore Devin Ryan - Citizens JMP Dan Fannon - Jefferies Brennan Hawken - UBS Christian Bolu - Autonomous Gerard Cassidy - RBC Mike Mayo - Wells Fargo Saul Martinez - HSBC Operator Good morning. Welcome to Morgan Stanley's Third Quarter 2024 Earnings Call.
Although the revenue and EPS for Morgan Stanley (MS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Morgan Stanley (MS) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.38 per share a year ago.
Evaluate the expected performance of Morgan Stanley (MS) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Morgan Stanley (MS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Morgan Stanley (MS) closed at $109.04, marking a +1.44% move from the previous day.
Morgan Stanley (MS) concluded the recent trading session at $104.57, signifying a +0.05% move from its prior day's close.
Just three weeks ago, European Central Bank (ECB) officials believed that a rate cut at the October 17 policy meeting was unlikely. However, the situation has changed dramatically, making a 25 basis point cut almost certain.
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 been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the most recent trading session, Morgan Stanley (MS) closed at $104.12, indicating a -0.46% shift from the previous trading day.