Earnings Alerts

Morgan Stanley (MS) Earnings: 3Q Wealth Management Net Revenue Surges Past Estimates

By October 16, 2024 No Comments
  • Wealth management net revenue achieved $7.27 billion, marking a 14% increase compared to the previous year.
  • The wealth management net revenue exceeded expectations, which were estimated at $6.88 billion.
  • Equities sales and trading revenue reached $3.05 billion, reflecting a 21% year-over-year growth.
  • The equities sales and trading revenue surpassed initial estimates of $2.7 billion.
  • The company reported total net revenue of $15.4 billion.
  • Earnings per share (EPS) stood at $1.88.
  • Market analysts’ recommendations include 8 buy, 15 hold, and 2 sell ratings.

A look at Morgan Stanley Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Morgan Stanley demonstrates a promising long-term outlook. With a strong Dividend score of 4, the company shows a commitment to providing returns to its shareholders. Additionally, a Momentum score of 4 suggests that the company is performing well compared to its peers in terms of market trends and investor sentiment. While the Value and Growth scores sit at 3, indicating solid performance in these areas, the Resilience score of 2 implies some degree of vulnerability to economic fluctuations. Overall, Morgan Stanley‘s diversified financial services business, global securities, and asset management operations position it well for future growth and stability.

Morgan Stanley, a bank holding company with a global presence in financial services, has received favorable Smartkarma Smart Scores across key factors. The company’s focus on delivering dividends to shareholders and its strong market Momentum point towards a positive outlook. Despite facing some resilience challenges, indicated by a score of 2, Morgan Stanley‘s well-established global securities and asset management businesses enhance its position in the market. With a solid foundation and a strategic focus on growth, Morgan Stanley appears well-positioned to navigate the complexities of the financial industry in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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