Morgan Stanley (MS) has announced a notable increase in its second-quarter profit, surpassing both last year's figures and Wall Street expectations.
The company reported earnings of $3.08 billion, or $1.82 per share, in comparison to $2.18 billion, or $1.24 per share, during the same period last year.
Analysts, on average, had projected earnings of $1.65 per share, as per data compiled by Thomson Reuters. It’s important to note that these estimates typically exclude special items.
Additionally, Morgan Stanley's revenue for the quarter experienced an 11.6% rise, reaching $15.02 billion, up from $13.46 billion the previous year.
Key financial metrics for Morgan Stanley:
- **Earnings (Q2):** $3.08 billion vs. $2.18 billion last year
- **Earnings Per Share (EPS, Q2):** $1.82 vs. $1.24 last year
- **Revenue (Q2):** $15.02 billion vs. $13.46 billion last year
