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Morgan Stanley delivered mostly better-than-expected first-quarter results Tuesday morning — a much-needed report for the bank, whose stock has lagged industry peers and tested our patience. Morgan Stanley Why we own it : We own Morgan Stanley for the rebound taking place in IPO and M & A activity along with growth in wealth management, which provides more durable fee-based revenues. MS YTD mountain Morgan Stanley YTD Shares of Morgan Stanley were up more than 2% after Tuesday's earnings release and conference call, building on Monday's modest gains, which broke a three-session losing streak. Capital returns Morgan Stanley repurchased 12 million shares in the first quarter, at an average purchase price of $86.79 per share. Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York.
Persons: Morgan Stanley, Goldman Sachs, Morgan Stanley's, Ted Pick, we've, Sharon Yeshaya, Morgan Stanley's CET1, Morgan Stanley YTD, Pick, We've, Yeshaya, Morgan, it's, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: LSEG, Wealth Management, Investment Management, Institutional Securities, Equity, Morgan Stanley's Wealth Management, Street, Management, Federal Deposit Insurance Corp, Capital, CNBC, Times, Bloomberg, Getty Locations: New York
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
Morgan Stanley (MS) reported better-than-expected third-quarter results Wednesday, even as investor disappointment over its wealth management business and the prolonged slump in investment banking weighed heavily on shares — prompting us to lower our price target on the Club holding. Bottom line Morgan Stanley shares plummeted by 6.6% Wednesday, to hit a new 52-week low of roughly $75 apiece. Wealth management revenues increased about 5% on an annual basis, but fell short of analysts' forecasts. Morgan Stanley management has previously said it would be misguided to extrapolate one quarter's results on net new assets to the next. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.
Persons: Morgan Stanley, it's, they've, James Gorman, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Club, Revenue, LSEG, Wall, Wealth, Federal Reserve, Equity, Capital, CNBC, Santiago, Getty Locations: IPOs, New York City
Club holding Morgan Stanley (MS) reported better-than-expected second-quarter results Tuesday, highlighting the bank's solid fundamentals and sending the stock soaring. "The headwinds reflect the ongoing market transition from a high inflation, low-rate environment to a higher rate, lower inflation environment." Those comments from the bank's post-earnings conference call indicate that its third quarter is likely tracking ahead of the last one. Wealth management Asset management revenue was down on lower asset levels, due to market declines. Investment management Asset management and related fees fell as a result of lower assets under management, which were hit by lower asset prices and outflows.
Persons: Morgan Stanley, James Gorman, , Eaton Vance, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Revenue, Refinitiv, Management, Investment, Capital, CNBC, Santiago, Getty Locations: New York City
Club holding Morgan Stanley (MS) reported better-than-expected first-quarter results on Wednesday, even as the stock came under pressure due to rising expenses. Morgan Stanley stock initially tumbled nearly 4%, before reversing some of those losses to rise just under 1% in afternoon trading Wednesday, to about $90.50 a share. Bottom line An increase in provisions for credit losses and higher-than-expected compensation expenses weighed on shares early in Wednesday's session — but Morgan Stanley, nonetheless, reported a solid first quarter. Despite a difficult operating environment, Morgan Stanley remains a best-in-class investment bank. The Morgan Stanley headquarters building is seen on January 17, 2023 in New York City.
Those deals — valued at roughly $13 billion and $7 billion, respectively — pushed Morgan Stanley further into the money management world. Expense efficiency ratio is a measure of efficiency that is calculated as total non-interest expenses divided by net revenue. Segment results Institutional securities net revenue of $4.8 billion for the fourth quarter missed analysts' forecasts of nearly $5.09 billion. Wealth management net revenue of $6.63 billion for the quarter exceeded Wall Street's expectations of $6.29 billion. Investment management net revenue of $1.46 billion for the quarter outpaced the $1.29 billion consensus estimate.
Club holding Morgan Stanley (MS) reported weaker-than-expected results for its third-quarter before the opening bell Thursday. Segment results Institutional Securities net revenue of $5.82 billion for Q3 missed expectations of nearly $6 billion. Wealth Management net revenue of $6.12 billion for Q3 came up a bit short versus expectations of $6.15 billion. Investment Management net revenue of $1.17 billion for Q3 missed the $1.34 billion consensus. The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters
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