Morgan Stanley (MS - Free Report) reported $15.14 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 4.3%. EPS of $2.02 for the same period compares to $1.70 a year ago.
The reported revenue represents a surprise of +4.60% over the Zacks Consensus Estimate of $14.47 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +19.53%.
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: $55.60 versus $53.22 estimated by five analysts on average.
- Return on average common equity: 14.5% versus 12% estimated by four analysts on average.
- Wealth Management - Total client assets: $5,495 billion compared to the $5,104.9 billion average estimate based on two analysts.
- Total assets under management: $1,505 billion versus the two-analyst average estimate of $1,459.92 billion.
- Net revenues- Investment Management: $1.38 billion compared to the $1.41 billion average estimate based on four analysts. The reported number represents a change of +6.8% year over year.
- Net revenues- Institutional Securities: $7.02 billion compared to the $6.38 billion average estimate based on four analysts. The reported number represents a change of +3.2% year over year.
- Revenues- Wealth Management- Net interest income: $1.86 billion compared to the $1.84 billion average estimate based on three analysts. The reported number represents a change of -14% year over year.
- Revenues- Institutional securities- Investment banking- Underwriting: $986 million versus the three-analyst average estimate of $741.89 million. The reported number represents a year-over-year change of +61.9%.
- Revenues- Investment banking: $1.59 billion compared to the $1.29 billion average estimate based on three analysts. The reported number represents a change of +19.5% year over year.
- Revenues- Commissions and fees: $1.23 billion versus the three-analyst average estimate of $1.20 billion. The reported number represents a year-over-year change of -1%.
- Revenues- Institutional securities- Sales and Trading- Fixed income: $2.49 billion compared to the $2.28 billion average estimate based on three analysts. The reported number represents a change of -3.5% year over year.
- Revenues- Institutional securities- Sales and trading- Equity: $2.84 billion versus the three-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of +4.1%.
View all Key Company Metrics for Morgan Stanley here>>>Shares of Morgan Stanley have returned -1.1% over the past month versus the Zacks S&P 500 composite's -0.9% 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 $15.14 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 4.3%. EPS of $2.02 for the same period compares to $1.70 a year ago.
The reported revenue represents a surprise of +4.60% over the Zacks Consensus Estimate of $14.47 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +19.53%.
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: $55.60 versus $53.22 estimated by five analysts on average.
- Return on average common equity: 14.5% versus 12% estimated by four analysts on average.
- Wealth Management - Total client assets: $5,495 billion compared to the $5,104.9 billion average estimate based on two analysts.
- Total assets under management: $1,505 billion versus the two-analyst average estimate of $1,459.92 billion.
- Net revenues- Investment Management: $1.38 billion compared to the $1.41 billion average estimate based on four analysts. The reported number represents a change of +6.8% year over year.
- Net revenues- Institutional Securities: $7.02 billion compared to the $6.38 billion average estimate based on four analysts. The reported number represents a change of +3.2% year over year.
- Revenues- Wealth Management- Net interest income: $1.86 billion compared to the $1.84 billion average estimate based on three analysts. The reported number represents a change of -14% year over year.
- Revenues- Institutional securities- Investment banking- Underwriting: $986 million versus the three-analyst average estimate of $741.89 million. The reported number represents a year-over-year change of +61.9%.
- Revenues- Investment banking: $1.59 billion compared to the $1.29 billion average estimate based on three analysts. The reported number represents a change of +19.5% year over year.
- Revenues- Commissions and fees: $1.23 billion versus the three-analyst average estimate of $1.20 billion. The reported number represents a year-over-year change of -1%.
- Revenues- Institutional securities- Sales and Trading- Fixed income: $2.49 billion compared to the $2.28 billion average estimate based on three analysts. The reported number represents a change of -3.5% year over year.
- Revenues- Institutional securities- Sales and trading- Equity: $2.84 billion versus the three-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of +4.1%.
View all Key Company Metrics for Morgan Stanley here>>>Shares of Morgan Stanley have returned -1.1% over the past month versus the Zacks S&P 500 composite's -0.9% 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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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