We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Morgan Stanley (MS) Reports Q3 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Morgan Stanley (MS - Free Report) reported $13.27 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.2%. EPS of $1.38 for the same period compares to $1.53 a year ago.
The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $13.08 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +8.66%.
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: $55.08 compared to the $54.91 average estimate based on four analysts.
Return on average common equity: 10% versus the four-analyst average estimate of 9.7%.
Wealth Management - Total client assets: $4,798 billion compared to the $4,873.06 billion average estimate based on two analysts.
Total assets under management: $1,388 billion versus the two-analyst average estimate of $1,421.98 billion.
Revenues- Investment banking: $1.05 billion versus $1.16 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.7% change.
Revenues- Commissions and fees: $1.10 billion versus the four-analyst average estimate of $1.10 billion. The reported number represents a year-over-year change of -3.1%.
Net interest Revenue: $1.98 billion versus the four-analyst average estimate of $2.05 billion. The reported number represents a year-over-year change of -21.2%.
Revenues- Other: $296 million compared to the $564.89 million average estimate based on four analysts.
Revenues- Asset management: $5.03 billion versus $4.86 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.
Revenues- Investment Management - Asset management and related fees: $1.31 billion versus the three-analyst average estimate of $1.27 billion.
Revenues- Wealth Management- Net interest income: $1.95 billion versus $2.14 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
Revenues- Institutional securities- Investment banking: $938 million compared to the $1.23 billion average estimate based on three analysts. The reported number represents a change of -26.6% year over year.
Shares of Morgan Stanley have returned -9.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Morgan Stanley (MS) Reports Q3 Earnings: What Key Metrics Have to Say
Morgan Stanley (MS - Free Report) reported $13.27 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.2%. EPS of $1.38 for the same period compares to $1.53 a year ago.
The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $13.08 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +8.66%.
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: $55.08 compared to the $54.91 average estimate based on four analysts.
- Return on average common equity: 10% versus the four-analyst average estimate of 9.7%.
- Wealth Management - Total client assets: $4,798 billion compared to the $4,873.06 billion average estimate based on two analysts.
- Total assets under management: $1,388 billion versus the two-analyst average estimate of $1,421.98 billion.
- Revenues- Investment banking: $1.05 billion versus $1.16 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.7% change.
- Revenues- Commissions and fees: $1.10 billion versus the four-analyst average estimate of $1.10 billion. The reported number represents a year-over-year change of -3.1%.
- Net interest Revenue: $1.98 billion versus the four-analyst average estimate of $2.05 billion. The reported number represents a year-over-year change of -21.2%.
- Revenues- Other: $296 million compared to the $564.89 million average estimate based on four analysts.
- Revenues- Asset management: $5.03 billion versus $4.86 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.
- Revenues- Investment Management - Asset management and related fees: $1.31 billion versus the three-analyst average estimate of $1.27 billion.
- Revenues- Wealth Management- Net interest income: $1.95 billion versus $2.14 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
- Revenues- Institutional securities- Investment banking: $938 million compared to the $1.23 billion average estimate based on three analysts. The reported number represents a change of -26.6% year over year.
View all Key Company Metrics for Morgan Stanley here>>>Shares of Morgan Stanley have returned -9.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.