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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Morgan Stanley | NYSE:MS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.68 | 1.81% | 94.33 | 94.42 | 93.28 | 93.34 | 5,043,460 | 01:00:00 |
From May 2019 to May 2024
Morgan Stanley said on Monday that second-quarter profit was $1.81 billion as the company managed through an environment of brisk deal-making and volatile markets.
The New York-based bank reported a profit of $0.85 per share.
That compares to profit of $1.29 billion, or $0.92 per share, it reported in the same period of 2014. Analysts polled by Thomson Reuters had expected earnings of $0.74 a share.
Revenues rose to $9.74 billion from $8.61 billion. Excluding accounting adjustments, revenue was $9.56 billion, compared with the $9.10 billion analysts had expected.
Morgan Stanley is coming off a strong first quarter in which Chief Executive James Gorman's strategy of de-emphasizing risky businesses like bond trading and bulking up more consistent ones like wealth management bore fruit.
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