Morgan Stanley beats expectations

On an adjusted basis, revenue from the bank’s equities trading business jumped 27% to $2.27bn, beating arch rival Goldman, which reported revenue of $2bn.

Morgan Stanley’s shares were up 0.4 percent at $40.35 in early afternoon trading after hitting $40.94, their highest since the financial crisis.

The bank’s wealth management business achieved a pretax margin of 23 percent, up from 22 percent in the first quarter and 21 percent in the year-earlier quarter.

The end result cover a strong 1/4 for large You can include.S. financial institutions is that Goldman Sachs Group Inc (GS.N) welcomed is that many counted more towards price hairstyles and reduce allowable expenditures versus Morgan Stanley, that will reached solid ends in the vast majority of its enterprises.

The strategic review of its businesses represents about $6bn in expected 2015 sales and 17,000 employees, Lockheed said. It’s $1.9 billion.

(The Street) Morgan Stanley (NYSE:MS) reported second quarter earnings that topped estimates, but were still lower than what the company earned in the same period a year ago.

Excluding one-time items, adjusted earnings per share were $0.79. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.10 billion.

The bank also increased dividends last quarter, from $0.10 per share to $0.15 per share. Compensation and benefits expenses were US$4.41 billion, up 5 per cent from US$4.2 billion a year ago.

Morgan Stanley executives did not elaborate on the decline in a conference call, despite a question from one analyst, Christian Bolu of Credit Suisse, who asked if Morgan Stanley might be interested in an acquisition, given that “adviser growth remains weakened”.

Mississippi has been the subject of a number of other recent research reports.

“Given an impressive set of second-quarter results, we expect shares to outperform, with positive consensus revisions likely as well”, said Nomura analyst Steven Chubak.

Analysts welcomed the healthy performance. Morgan Stanley’s stock is up 16.96% over the last 200 days.

Morgan Stanley is the latest big bank to report quarterly earnings. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The stock was sold at an average price of $38.37, for a total transaction of $1,514,156.94.

Morgan Stanley’s long-term issuer rating was the only one of the major banks that Moody’s raised two levels in May, as the ratings company cited the firm’s strengthened capital and lower earnings volatility.

Morgan Stanley is a financial holding company. The Company operates in three segments: Institutional Securities, Global Wealth Management Group and Investment Management.