S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Morgan Stanley’s (MS) Mega-Quarter

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Morgan Stanley’s (MS) earnings from continuing operations were actually up 41% to $2.6 billion on a 32% rise in net revenue to $11.5 billion.

Underwriting, advisory service, and fixed income sales were up 39% to $7.4 billion, and that was the engine of the big financial firm’s growth. Pre-tax income in that group rose 55% to $3 billion. Wealth management, asset management and the Discover card businesses did fine, but could not match the pace of the company’s largest operating division.

It has to end some day as the private equity, hedge fund and equity markets continue to rocket upward. But, that day is not today.

Shares are up 2% in the pre-market to $89.60, just shy of the company’s 52-week high.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
David Beren |

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2026
Don Lair |

3 Reasons Retirees Should Not Enroll in Medicare Advantage for 2026

Continue Reading

Jefferies Has 3 Compelling Value Stocks With Big Upside Potential
Lee Jackson |

Jefferies Has 3 Compelling Value Stocks With Big Upside Potential

It’s one thing to buy a value stock. It’s quite another thing to buy a compelling value stock, because that…
Chris Lange |

Travelers Earnings Fall Short of Investor Expectations

Travelers Companies reported better-than-expected third-quarter financial results before the markets opened on Thursday.
Income Investors Chasing Dynex Capital’s 14.3% Yield Should See These Numbers First
Austin Smith |

Income Investors Chasing Dynex Capital’s 14.3% Yield Should See These Numbers First

Dynex Capital (NYSE:DX) operates as an internally managed mortgage REIT specializing in Agency RMBS and CMBS. The company invests in…
BlackRock’s Founder Fink Cashes In $30 Million Of Stock Following Its Strong Recovery This Month
247patrick |

BlackRock’s Founder Fink Cashes In $30 Million Of Stock Following Its Strong Recovery This Month

BlackRock CEO Larry Fink has sold nearly 10% of his holdings in the company he leads.
$25 Billion Quarterly Loss for Berkshire Hathaway as Buffett Abandons Book Value Focus
Jon C. Ogg |

$25 Billion Quarterly Loss for Berkshire Hathaway as Buffett Abandons Book Value Focus

At stake here was much more than just an earnings report for Berkshire Hathaway. There are some big changes that…
BlackRock Dominates ETFs as Management Fees and Expense Ratios See Ongoing Pressure
Jon C. Ogg |

BlackRock Dominates ETFs as Management Fees and Expense Ratios See Ongoing Pressure

BlackRock's new approach seems to be more of a market share gain without so much of a care for what…
3 Dividend Stocks Perfect For Every Portfolio
Vandita Jadeja |

3 Dividend Stocks Perfect For Every Portfolio

Investing in stocks has been considered an ideal way to build wealth. It can generate steady income for your portfolio…
Jon C. Ogg |

Markets Get Closer Look at Ally Financial IPO… Ghosts of GMAC & Treasury

Ally Financial Inc. has filed a second amendment to its S-1 filing as a mark that its IPO is likely…
3 Warren Buffett Strong Buy Dividend Stocks Post Blow-Out Results For Q3
Lee Jackson |

3 Warren Buffett Strong Buy Dividend Stocks Post Blow-Out Results For Q3

If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For 60 years, the…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618