Morgan Stanley: 2Q Earnings Snapshot
Posted Jul 18, 2019 08:55:09 AM.
This article is more than 5 years old.
NEW YORK (AP) _ Morgan Stanley (MS) on Thursday reported second-quarter earnings of $2.2 billion.
The New York-based company said it had earnings of $1.23 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The investment bank posted revenue of $13.72 billion in the period. Its revenue net of interest expense was $10.24 billion, also beating Street forecasts. Three analysts surveyed by Zacks expected $9.98 billion.
Morgan Stanley shares have climbed 10% since the beginning of the year, while the Standard & Poor’s 500 index has increased 19%. The stock has dropped 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MS at https://www.zacks.com/ap/MS
The Associated Press
