Morgan Stanley (MS) Tops Q2 EPS by 1c

Morgan Stanley (NYSE: MS) reported Q2 EPS of $1.24, $0.01 better than the analyst estimate of $1.23. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.03 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “The Firm delivered solid results in a challenging market environment. The quarter started with macroeconomic uncertainties and subdued client activity, but ended with a more constructive tone. Consistent with our strategy, we continued to attract client assets – Wealth and Investment Management added $100 billion in net new assets, bringing in over $200 billion year-to-date. Our Institutional businesses navigated the markets well through macro uncertainties. We finished the quarter in a strong capital position and raised our quarterly common dividend by 7.5 cents for the second year in a row. We remain confident in our ability to grow in various market environments while maintaining a strong capital position.”

For earnings history and earnings-related data on Morgan Stanley (MS) click here.

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