Banking, finance, and taxes
What to Expect When Morgan Stanley Reports
Published:
Last Updated:
Morgan Stanley (NYSE: MS) is scheduled to release its second-quarter financial results before the markets open on Wednesday. Thomson Reuters consensus estimates call for $1.11 in earnings per share (EPS) on $10.1 billion in revenue. The same period of last year reportedly had $0.87 in EPS and $9.5 billion in revenue.
In the first quarter, Morgan Stanley reported a record profit, helped by a lower tax bill and a boost in revenue from the previous quarter’s volatile markets. At the same time, book value and tangible book value per common share were $39.19 and $34.04, respectively.
James P. Gorman, board chair and chief executive, commented in the prior report:
We delivered very strong results this quarter, with record revenues and net income – and an ROE above our target range. Each of our businesses performed well, with significant client engagement across our global franchise, and Sales and Trading a particular highlight in a more active environment.
Over the past 52 weeks, Morgan Stanley has underperformed the broad markets, with its stock up about 8%. In 2018 alone, the stock is down 7%.
A few analysts weighed in on Morgan Stanley before the report:
Shares of Morgan Stanley were last seen trading at $49.02, with a consensus analyst price target of $59.68 and in a 52-week range of $43.84 to $59.38.
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.