Morgan Stanley's stock jumps toward 7-month high after profit and revenue fall less than expected
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Net income declined to $2.34 billion, or $1.39 a share, from $2.58 billion, or $1.45 a share, in the year-ago period. The FactSet EPS consensus was $1.17. Total revenue fell 7% to $10.29 billion, but was above the FactSet consensus of $9.88 billion, as NII growth of 4% to $1.01 billion topped expectations of $974.6 million. Trading revenue declined 9% to $3.44 billion, beating the FactSet consensus of $3.20 billion, while investment banking revenue dropped 24% to $1.24 billion, missing the FactSet consensus of $1.33 billion.
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https://www.marketwatch.com/story/morgan...yptr=yahoo
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Net income declined to $2.34 billion, or $1.39 a share, from $2.58 billion, or $1.45 a share, in the year-ago period. The FactSet EPS consensus was $1.17. Total revenue fell 7% to $10.29 billion, but was above the FactSet consensus of $9.88 billion, as NII growth of 4% to $1.01 billion topped expectations of $974.6 million. Trading revenue declined 9% to $3.44 billion, beating the FactSet consensus of $3.20 billion, while investment banking revenue dropped 24% to $1.24 billion, missing the FactSet consensus of $1.33 billion.
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https://www.marketwatch.com/story/morgan...yptr=yahoo
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