Morgan Stanley tops estimates on strong equities and fixed income trading revenueFinanceMorgan Stanley tops estimates on strong equities and fixed income trading revenue

Morgan Stanley tops estimates on strong equities and fixed income trading revenue

January 17, 2025 1 min read

Here’s what the company reported:

  • Earnings: $2.22 a share vs. $1.70 LSEG estimate
  • Revenue: $16.22 billion, vs. $15.03 billion estimate

The bank said quarterly profit more than doubled to $3.71 billion, or $2.22 a share, from a year earlier, when it had a pair of regulatory charges.

Revenue rose 26% to $16.22 billion as results in all of the bank’s major businesses improved.

It was the firm’s equities trading business that shone brightest in the quarter, producing a 51% jump in revenue to $3.3 billion, or nearly $650 million more than the StreetAccount estimate. Morgan Stanley cited increased client activity and strength in its prime brokerage business that caters to hedge funds.

Source: CNBC

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