Morgan Stanley (MS) earnings Q4 2024

Morgan Stanley on Thursday beat estimates for fourth-quarter earnings and revenue as corporate stocks and fixed-income traders beat expectations.

Here’s what the company said:

• Earnings: $2.22 a share vs $1.70 LSEG estimate
• Revenue: $16.22 billion, versus $15.03 billion estimate

The bank said quarterly profit more than doubled to $3.71 billion, or $2.22 per share, from a year ago. at firstwhen he had a couple of regulatory charges.

Revenues rose 26% to $16.22 billion as results in all of the bank’s major businesses improved.

It was the company’s stock trading business that shone brightest in the quarter, producing a 51% jump in revenue to $3.3 billion, or nearly $650 million more than StreetAccount’s estimate. . Morgan Stanley cited increased client activity and strength in its prime brokerage business serving hedge funds.

The firm’s fixed income operations saw revenue jump 35% to $1.93 billion, about $250 million more than StreetAccount’s estimate, on increased activity in the markets credit and raw materials.

Investment banking revenue rose 25% to $1.64 billion, essentially matching StreetAccount’s estimate, on increased advisory and capital markets results.

Wealth management saw revenue rise 13% to $7.48 billion on rising asset levels and higher fees, beating estimates of $120 million.

While banking stocks were supported by enthusiasm over expectations for increased business activity, it was actually the business side that helped Morgan Stanley and the rival. Goldman Sachs more in the fourth. The traders of the two companies took advantage of the increased activity that led to and after the elections of the United States in November.

Morgan Stanley shares rose nearly 1.6% in morning trading Thursday.

Wednesday, JPMorgan ChaseGoldman is Citigroup each beat expectations, helped by better-than-expected income from trading or investment banking.