Morgan Stanley Q3 Net Profit Down 29%

RTTNews | hace 767
Morgan Stanley Q3 Net Profit Down 29%

(RTTNews) - Financial services firm Morgan Stanley (MS) reported Friday third-quarter net income applicable to the company's shareholders of $2.63 billion or $1.47 per share, down from $3.71 billion or $1.98 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $1.53 per share, compared to $2.04 per share in the year-ago quarter.

Net revenues for the quarter decreased 12 percent to $12.99 billion from $14.75 billion in the same quarter last year.

Net interest income increased 22 percent to $2.51 billion and non-interest income declined 17 percent to $10.48 billion from last year. Total non-interest expenses decreased 3 percent to $9.56 billion from last year.

The company's provision for credit losses was $35 million, up 46 percent from $24 million in the year-ago quarter.

The company's board of directors declared a $0.775 quarterly dividend per share, payable on November 15, 2022 to common shareholders of record on October 31, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Morgan Stanley Q2 Results Top Estimates

Morgan Stanley Q2 Results Top Estimates

Financial services firm Morgan Stanley (MS) reported Tuesday a net profit for the second quarter that increased 44 percent from last year, driven by revenue growth across its operating segments and sharply lower provisions for credit losses. Both earnings per share and quarterly revenues topped analysts' estimates. The firm also boosted its quarterly dividend.
RTTNews | hace 126
Morgan Stanley Q2 Net Profit Down 10%, But Tops Estimates

Morgan Stanley Q2 Net Profit Down 10%, But Tops Estimates

Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company's shareholders for the second quarter decreased 10 percent to $2.94 billion or $1.82 per share from $2.05 billion or $1.24 per share in the year-ago quarter.
RTTNews | hace 126
Morgan Stanley Infrastructure Partners To Acquire 49% Stake In Onslow Iron Road Trust

Morgan Stanley Infrastructure Partners To Acquire 49% Stake In Onslow Iron Road Trust

Morgan Stanley Investment Management or MSIM, through investment funds managed by Morgan Stanley Infrastructure Partners or MSIP, a private infrastructure investment platform within MSIM, announced Thursday it has agreed to acquire a 49% stake in Onslow Iron Road Trust in partnership with Mineral Resources Ltd., which will continue to own a 51% stake.
RTTNews | hace 166
Amazon, Microsoft, Pfizer To Invest Billions In French Projects

Amazon, Microsoft, Pfizer To Invest Billions In French Projects

Major companies, including Amazon.com Inc., Microsoft Corp., Morgan Stanley, Pfizer and others, have announced around 15 billion euros or $16.2 billion worth foreign investments in France as part of the country's annual 'Choose France' business summit, reports said. French President Emmanuel Macron kicks off the summit of 180 CEOs and executives on Monday, aiming to showcase foreign investment.
RTTNews | hace 190
Morgan Stanley Q1 Results Tops Estimates

Morgan Stanley Q1 Results Tops Estimates

Financial services firm Morgan Stanley reported Tuesday a profit for the first quarter that increased 15 percent from last year, driven by revenue growth across its operating segments and lower provisions for credit losses. Both earnings per share and quarterly revenues topped analysts' estimates.
RTTNews | hace 217
Morgan Stanley Q3 Profit Up 15%, Results Top Estimates

Morgan Stanley Q3 Profit Up 15%, Results Top Estimates

Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company's common shareholders for the first quarter increased to $3.27 billion or $2.02 per share from $2.84 billion or $1.70 per share in the year-ago quarter.
RTTNews | hace 217
Morgan Stanley Q3 Profit Down 9%, But Tops Estimates

Morgan Stanley Q3 Profit Down 9%, But Tops Estimates

Financial services firm Morgan Stanley reported Wednesday a profit for the third quarter that decreased 9 percent from last year, pulled down by surging provisions for credit losses and higher expenses, despite 2 percent revenue growth. Both adjusted earnings per share and quarterly topped analysts' estimates.
RTTNews | hace 398
Morgan Stanley Q2 Profit Down, Yet Tops View

Morgan Stanley Q2 Profit Down, Yet Tops View

Financial services firm Morgan Stanley reported Tuesday weak profit in its second quarter, despite increased revenues in a challenging market environment. Earnings per share and topline, however, beat market estimates. In the quarter, Institutional Securities net revenues declined, reflecting continued muted activity in Investment Banking and declines in Equity and Fixed Income.
RTTNews | hace 490