Markets
MS

Morgan Stanley Announces Gain In Q2 Profit

(RTTNews) - Morgan Stanley (MS) reported a profit for its second quarter that increased from the same period last year.

The company's earnings came in at $3.05 billion, or $1.96 per share. This compares with $2.03 billion, or $1.23 per share, in last year's second quarter.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 31.0% to $13.41 billion from $10.24 billion last year.

Morgan Stanley earnings at a glance:

-Earnings (Q2): $3.05 Bln. vs. $2.03 Bln. last year. -EPS (Q2): $1.96 vs. $1.23 last year. -Analysts Estimate: $1.12 -Revenue (Q2): $13.41 Bln vs. $10.24 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MS

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More