Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat.
MS 1Y mountain Morgan Stanley 1 year Shares of Morgan Stanley were on a five-session losing streak with Tuesday's post-earnings 5% decline.
However, Morgan Stanley — and for that matter, Wells Fargo — saw their stocks surge into the end of 2023.
Asset management revenue increased 6% from last year, reflecting higher asset levels and the impact of positive fee-based asset flows.
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.
Persons:
Morgan Stanley, Wells Fargo, Morgan Stanley's, Morgan Stanley —, Ted Pick, Morgan Staley, ROTCE, it's, Morgan, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim
Organizations:
Revenue, Bloomberg, Federal Deposit Insurance Corporation, Silicon Valley Bank, Morgan, Wealth Management, Investment Banking, FDIC, Institutional Securities, Investment, Equity, Morgan Stanley's Wealth Management, Investment Management, Asset, Capital, CNBC, Bloomberg Television, Getty
Locations:
Silicon, Wells Fargo —, U.S, New York