Ted Decide, CEO Morgan Stanley, talking on CNBC’s Squawk Field on the World Financial Discussion board Annual Assembly in Davos, Switzerland on Jan. 18th, 2024.
Adam Galici | CNBC
Morgan Stanley on Wednesday posted report income and revenue for the second quarter, pushed by a 69% surge in equities buying and selling income.
Here is what the corporate reported:
- Earnings per share: $3.46 vs. $2.94 LSEG estimate
- Income: $21.35 billion vs. $19.64 billion estimate
The corporate mentioned revenue jumped 58% from a yr earlier to $5.58 billion. Income climbed 27% to $21.35 billion.
Heightened exercise fueled by the worldwide synthetic intelligence growth propelled JPMorgan and Goldman to beat estimates for equities buying and selling by a mixed $4.4 billion, whereas funding banking on the two corporations topped estimates by a mixed $1 billion.
Analysts will need to know what CEO Ted Decide has to say on the outlook for the remainder of the yr as geopolitical tensions stay excessive.
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