Morgan Stanley’s (MS) fourth-quarter 2023 adjusted earnings of $1.13 per share handily surpassed the Zacks Consensus Estimate of $1.05. The bottom line compared unfavorably with $1.26 per share earned in the prior-year quarter.After considering the FDIC special assessment charge and legal charges related to a specific matter, earnings per share (GAAP) was 85 cents in the reported quarter.Shares of the company gained 1.3% in the pre-market trading on better-than-expected results. However, a full day’s tradin ...

Bank earnings -- and earnings season in general -- kicked off on Friday and continued to start the holiday-shortened week. In focus today are Morgan Stanley (NYSE:MS) and PNC Financial Services Group Inc (NYSE:PNC), with their stocks making moves in opposite directions. MS is down 1.7% to trade at $88.14, after the company's adjusted fourth-quarter earnings of $0.85 cents per share fell short of the consensus estimates of $1.01 per share. The whiff comes after Morgan Stanley was hit with $286 million in spe ...

Morgan Stanley (MS) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.62%. A quarter ago, it was expected that this investment bank would post earnings of $1.27 per share when it actually produced earnings of $1.38, delivering a surprise of 8.66%.Over the last four quarters, the compa ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Shares of Morgan Stanley MS, -0.89% climbed 1.3% in premarket trading Tuesday, after the bank and broker missed profit expectations because of special one-time charges, but beat revenue forecasts by a wide margin, boosted by strength in its investment banking business. Net income dropped 32.2% to $1.52 billion, or 85 cents a share, to miss the FactSet consensus of $1.07. The results included charges of 28 cents a share related to an FDIC special assessment and a legal charge. Revenue grew 1.2% to $12.9 bil ...

Morgan Stanley (NYSE: MS), on January 16th, reported a 32% annualised decline in its fourth-quarter profit related partially to weakness in institutional securities. Morgan Stanley beats revenue estimatesCopy link to sectionThe financial services behemoth saw its net income come in at $1.50 billion – down about 37% versus the previous quarter. On a per-share basis, Morgan Stanley earned 85 cents a share in Q4. Ted Pick – its chief executive said in a press release today:We begin 2024 with a clear and consis ...

In this articleThe Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.Morgan Stanley reported fourth-quarter earnings before the bell Tuesday.Here's how the bank did compared with Wall Street expectations:Earnings per share: 85 cents, may not compare with $1.01 expected, according to LSEGRevenue: $12.90 billion, vs. $12.7 billion expected, according to LSEG Ted Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank's Wall Street operations,  succeeded James Gorman as C ...

With U.S. equities set to perform very well in 2024, many more companies are likely to sell additional stock in themselves to the public. Meanwhile, the number of initial public offerings should also jump. Since Morgan Stanley (NYSE:MS) generates a great deal of its revenue from underwriting such deals, MS stock should get a big lift from these developments. Additionally, interest rates are poised to drop in 2024, causing bonds to climb and benefiting Morgan Stanley’s fixed income business. The improved rat ...

Chairman and CEO of Morgan Stanley James Gorman speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities and Exchange Commission probe of the unauthorized disclosure of block trades to investors by the bank's supervisor for such trades and another employee, authorities said Friday.A ...

Morgan Stanley’s pitch to sellers looking to unload big blocks of stock was that their block-trading unit was the best at preventing leaks that could drive share prices down.But federal prosecutors and the Securities and Exchange Commission now say it was all a lie, and that from 2018 through 2021 the bank would quietly divulge news of the impending block trades to hedge funds as a way of lessening its own risk. The result was that sellers would lose millions of dollars on the deal, investigators said.In si ...