Morgan Stanley Reports Strong Second Quarter Results
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City.
Spencer Platt | Getty Images
Morgan Stanley exceeded Wall Street expectations in its second-quarter earnings report, driven by higher trading revenues.
Key figures for the quarter compared to analyst estimates were:
- Earnings per share: $2.13 vs. $1.96 expected
- Revenue: $16.79 billion vs. $16.07 billion expected
Net income increased by 13% to $3.5 billion, or $2.13 per share, up from $3.1 billion, or $1.82 per share, in the same period last year.
The Institutional Securities division reported net revenues of $7.64 billion, compared to $6.98 billion a year ago, driven by higher client activity and strong performance in equity trading.
“Morgan Stanley delivered another strong quarter,” said Ted Pick, CEO and chairman of the bank. “Our consistent earnings over six consecutive quarters reflect our ability to perform well in various market conditions.”
Wealth Management also performed well, with net revenues of $7.76 billion driven by higher asset management revenues, up from $6.79 billion in the previous year.
Despite the positive results, Morgan Stanley’s stock dipped over 2% on Wednesday following the earnings announcement. However, shares have still seen a 10% increase year-to-date.
