Morgan Stanley Posts Upbeat Q2 Results - Quick Facts

(RTTNews) - Morgan Stanley (MS) reported better-than-expected Q2 results, amid the COVID-19 pandemic.

Net income applicable to the company was $3.2 billion or $1.96 per share, compared to $2.2 billion or $1.23 per share last year.

Adjusted earnings for the quarter increased to $2.04 per share from the previous year's $1.23 per share.

Net revenues increased to $13.4 billion from $10.2 billion generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $1.12 per share on revenue of $10.31 billion for the quarter. Analysts' estimate typically exclude certain special items.

James Gorman,Chairman and Chief Executive Officer, said, "The second quarter tested the model and we performed exceedingly well, delivering record results. This builds on the momentum of a very strong first quarter, while more than 90% of our employees continue to work from home, demonstrating the ongoing operational resilience of our platform..."

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


Latest Markets Videos


    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