Morgan Stanley (MS - Free Report) reported $12.9 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.2%. EPS of $1.13 for the same period compares to $1.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.7 billion, representing a surprise of +1.54%. The company delivered an EPS surprise of +7.62%, with the consensus EPS estimate being $1.05.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Morgan Stanley performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Book value per common share: $55.50 versus the four-analyst average estimate of $47.71.
- Return on average common equity: 6.2% versus 8.5% estimated by three analysts on average.
- Wealth Management - Total client assets: $5,129 billion compared to the $4,948.87 billion average estimate based on two analysts.
- Total assets under management: $1,459 billion compared to the $1,468.02 billion average estimate based on two analysts.
- Revenues- Investment Management - Asset management and related fees: $1.40 billion versus the three-analyst average estimate of $1.36 billion. The reported number represents a year-over-year change of +2.3%.
- Revenues- Institutional securities- Investment banking: $1.32 billion versus $1.07 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Net revenues- Investment Management: $1.46 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +0.2% year over year.
- Revenues- Asset management: $5.04 billion versus $4.89 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5% change.
- Net revenues- Wealth Management: $6.65 billion compared to the $6.47 billion average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
- Net revenues- Institutional Securities: $4.94 billion compared to the $4.79 billion average estimate based on three analysts. The reported number represents a change of +2.9% year over year.
- Revenues- Wealth Management- Net interest income: $1.85 billion versus the three-analyst average estimate of $1.92 billion. The reported number represents a year-over-year change of -13.4%.
- Revenues- Commissions and fees: $1.11 billion compared to the $1.11 billion average estimate based on three analysts. The reported number represents a change of -5.1% year over year.
View all Key Company Metrics for Morgan Stanley here>>>Shares of Morgan Stanley have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Morgan Stanley (MS - Free Report) reported $12.9 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.2%. EPS of $1.13 for the same period compares to $1.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.7 billion, representing a surprise of +1.54%. The company delivered an EPS surprise of +7.62%, with the consensus EPS estimate being $1.05.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Morgan Stanley performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Book value per common share: $55.50 versus the four-analyst average estimate of $47.71.
- Return on average common equity: 6.2% versus 8.5% estimated by three analysts on average.
- Wealth Management - Total client assets: $5,129 billion compared to the $4,948.87 billion average estimate based on two analysts.
- Total assets under management: $1,459 billion compared to the $1,468.02 billion average estimate based on two analysts.
- Revenues- Investment Management - Asset management and related fees: $1.40 billion versus the three-analyst average estimate of $1.36 billion. The reported number represents a year-over-year change of +2.3%.
- Revenues- Institutional securities- Investment banking: $1.32 billion versus $1.07 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Net revenues- Investment Management: $1.46 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +0.2% year over year.
- Revenues- Asset management: $5.04 billion versus $4.89 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5% change.
- Net revenues- Wealth Management: $6.65 billion compared to the $6.47 billion average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
- Net revenues- Institutional Securities: $4.94 billion compared to the $4.79 billion average estimate based on three analysts. The reported number represents a change of +2.9% year over year.
- Revenues- Wealth Management- Net interest income: $1.85 billion versus the three-analyst average estimate of $1.92 billion. The reported number represents a year-over-year change of -13.4%.
- Revenues- Commissions and fees: $1.11 billion compared to the $1.11 billion average estimate based on three analysts. The reported number represents a change of -5.1% year over year.
View all Key Company Metrics for Morgan Stanley here>>>Shares of Morgan Stanley have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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