Investing.com - Morgan Stanley (NYSE:MS) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.23 on revenue of $10.24B. Analysts polled by Investing.com forecast EPS of $1.15 on revenue of $10.01B. That compared to EPS of $1.25 on revenue of $10.61B in the same period a year earlier. The company had reported EPS of $1.33 on revenue of $10.29B in the previous quarter.
Morgan Stanley shares gained 0.96% to trade at $44.18 in pre-market trade following the report.
Morgan Stanley shares gained 0.96% to trade at $44.18 in pre-market trade following the report.
For the year, Morgan Stanley shares are up 10.37%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 15.68% year to date.
Morgan Stanley follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Bank of America earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.12B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar