The CEO also said he is 'bullish' on the potential for stock sales, including initial public offerings in 2025.
MS' fourth-quarter 2024 earnings beat estimates on the back of solid IB and trading revenues. Yet higher provisions and expenses remain spoilsports.
The fragility of the ceasefire agreement between Israel and Hamas, Trump's treasury pick, Scott Bessent heads to Capitol Hill, Morgan Stanley doubles profits and the impact of CPI on the bond market. Manus Cranny reports
Multinational investment bank and financial services giant Morgan Stanley (MS 2.09%) delivered an impressive performance in its fourth quarter of 2024. As reported on Thursday, Jan. 16, the firm's earnings significantly exceeded expectations, with an EPS of $2.22 against analysts' consensus predictions of $1.70.
Morgan Stanley (MS) shares advanced Thursday after the bank posted better-than-anticipated results as revenue from its equities trading unit soared and investors poured more money into initial public offerings (IPOs).
Morgan Stanley (NYSE:MS) impressed with fourth-quarter results on Thursday, led by 51% revenue growth from its equities trading business. Chairman and CEO Ted Pick called it an "excellent fourth quarter" that capped off "one of the strongest years in the firm's history".
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.