Morgan Stanley (MS) earnings 2Q 2023
Morgan Stanley (MS) earnings 2Q 2023

Morgan Stanley CEO James Gorman speaks on May 6, 2014 in New York.

Getty Images

Morgan Stanley It reports second-quarter earnings before the opening bell on Tuesday.

The company’s report compared Wall Street expectations, according to a Refinitiv survey of analysts:

  • Earnings per share: $1.24, may not match expectations of $1.15 per share
  • Revenue: $13.46 billion vs. $13.08 billion expected

Under Chief Executive James Gorman, Morgan Stanley’s reliance on wealth management has helped its steady earnings and boosted valuations relative to peers. Gorman, who took over the firm in 2010, said in May that he was preparing to step down within a year, sparking a succession battle for the Wall Street giant.

The company’s shares are up slightly this year, compared with a roughly 20% decline in the KBW Bank Index.

on Friday, JPMorgan, Citigroup and FuGuo bank Both companies reported earnings that topped analysts’ expectations amid rising interest rates. Goldman Sachs Big banks report earnings on Wednesday.

The story is developing. Please check for updates.


Leave a Reply

Your email address will not be published. Required fields are marked *