People will leave Morgan Stanley Global HQ in Manhattan on March 20, 2025 in New York City.
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Morgan Stanley reported on Wednesday the second quarter results that crushed Wall Street expectations by turning higher trading revenues inside out.
Based on an analyst survey by LSEG, the bank reported in the second quarter compared to what Wall Street had expected:
Earnings per share: $2.13 vs. $1.96 forecast revaluation: $167.9 billion and $16.07 billion
Net income was $3.5 billion, up 13% from $3.1 billion in the same period last year, or $1.82 per share, to $2.13 per share.
The institution’s securities reported net revenue of $7,644 billion, compared to approximately $6,980 billion a year ago. Strong performance was driven by higher client activity with significant strength in stock trading.
“Morgan Stanley delivered another strong quarter,” Bank CEO and Chairman Ted Pick said in a statement. “Six consecutive quarters of consistent revenue … reflect a high level of performance in a variety of market environments.”
Wealth management was another strong segment for the bank, which brought net revenues of $77.6 billion to higher asset management revenues. A year ago, the business generated $67.9 billion in revenue.
Bank stocks soaked more than 2% on Wednesday following the results. This year, stocks rose by around 10%.
