Recap: Morgan Stanley Q2 Earnings

Shares of Morgan Stanley MS moved higher by 0.3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 65.85% year over year to $2.04, which beat the estimate of $1.12.

Revenue of $13,400,000,000 rose by 30.81% from the same period last year, which beat the estimate of $10,310,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 16, 2020

Time: 08:00 AM

ET Webcast URL: https://www.morganstanley.com/about-us-ir

Recent Stock Performance

52-week high: $57.57

Company's 52-week low was at $27.20

Price action over last quarter: Up 33.03%

Company Overview

Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments. The company had $2.7 trillion of client assets as well as more than 60,000 employees at the end of 2019. Approximately half of the company's net revenue is from its institutional securities business, with the other half coming from wealth and asset management. The company derives about 30% of its total revenue outside the Americas.