Morgan Stanley's traders beat fourth-quarter analysts' estimates as equities revenue reached an all-time high for the full year. Manus Cranny and Sonali Basak break down the numbers on Bloomberg Television.
On Thursday, Morgan Stanley MS reported a fourth-quarter adjusted EPS of $2.22, up from $0.85 a year ago and beating the consensus of $1.70. Net earnings more than doubled from $1.52 billion to $3.7 billion.
Bank of America, Morgan Stanley earnings more than double for Q4. BAC stock and MS shares are closing in on buy points.
Kinder Morgan remains a 'buy' due to its stable, predictable cash flows, and significant growth potential, despite slightly elevated leverage. Management forecasts 2025 adjusted EPS of $1.27 and EBITDA of $8.3 billion, driven by natural gas operations. Distributable cash flow for 2025 is expected to rise to $5.2 billion, with substantial growth projects worth $5.12 billion in the pipeline.
Morgan Stanley beats earnings expectations amid strength in its equity and bond businesses.
CNBC's Leslie Picker joins 'Squawk Box ' to report on the company's quarterly earnings results.
Morgan Stanley Direct Lending offers a well-constructed portfolio of first-lien senior secured loans, with 95% geared towards non-cyclical industries, helping to ensure stability in a volatile market. MSDL's conservative management strategy, low non-accrual investments, and robust 132% dividend coverage make it an attractive choice for income-focused investors, yielding 9.5%. Trading near NAV, MSDL has potential for NAV/share accretion through retained capital, making it a compelling investment in a higher-for-longer interest rate environment.
Morgan Stanley's profit increased in the fourth quarter, fueled by a wave of dealmaking and stock sale by the investment bank.
Morgan Stanley's massive wealth management business will be helped by high stock market values in the fourth quarter. On Wednesday, JPMorgan Chase, Goldman Sachs and Citigroup each topped expectations, helped by better-than-expected revenue from trading or investment banking.
As Bank of America Corp BAC and Morgan Stanley MS prepare to report fourth-quarter earnings Thursday morning, Wall Street is watching. With both stocks riding high after a strong year, it's a showdown between Main Street lending and Wall Street dealmaking.
2024 was a tremendous year for Kinder Morgan (KMI 0.85%), with shares of the pipeline giant rebounding dramatically, gaining 55.3% in the year, according to data provided by S&P Global Market Intelligence. With those handsome gains, Kinder Morgan stock handily beat the S&P 500 (^GSPC 1.56%), which rallied around 23% in 2024.
Interest rate cuts that made it cheaper to borrow money, prompting more mergers and acquisitions in 2024.