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Morgan Stanley Q2 2024 Earnings Summary

by Team Lumida
July 16, 2024
in Equities
Reading Time: 2 mins read
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Morgan Stanley Q2 2024 Earnings Summary

"Morgan Stanley Headquarters (48105951892)" by Ajay Suresh from New York, NY, USA is licensed under CC BY 2.0

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Beats Earnings by ~10% & Beats Revenue expectations by ~5%

Total Revenue: ~$15 Bn, down 1% QoQ, up 12% YoY

Net Income: $3.1 Bn, down 10% QoQ, up 41% YoY

Shares down ~3% after results

Key Takeaways:

Institutional Securities: $6.98Bn, flat QoQ and up 23% YoY

Wealth Management: $6.79Bn, down 1% QoQ and up 2% YoY

Investment Management: $1.39Bn, up 1% QoQ and up 8% YoY

Provision for Credit Losses: $76M, up significantly from -$6M in the prior quarter and down from $161M a year ago

CEO Ted Pick on AUM:

“Total client assets grew to $7.2 Tn on our road to $10+ Tn. We continue to execute on our strategy and remain well positioned to deliver growth and long-term value for our shareholders.”

Tags: $MSEARNINGSfinancial servicesinvestment bankingMorgan Stanley
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

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