Morgan Stanley (NYSE: MS) reported quarterly earnings of $1.82 per share for the period ending June 2024, surpassing the Zacks Consensus Estimate of $1.65 per share and increasing from $1.24 per share a year prior. This marks a 10.30% earnings surprise. The company also achieved revenues of $15.02 billion, exceeding expectations by 5.95% compared to $13.46 billion in the same quarter the previous year.
Over the past four quarters, Morgan Stanley has consistently beat consensus EPS and revenue estimates. The stock has gained approximately 12.9% year-to-date, underperforming the S&P 500’s increase of 18.1%. Current consensus expectations forecast $1.61 in EPS on $14.15 billion in revenues for the next quarter.
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