Morgan Stanley Capital Markets Segment Shines, Wealth Metrics Lag: Analysts Praise 'Strong Cost Discipline'
Portfolio Pulse from Vandana Singh
Morgan Stanley (NYSE:MS) reported strong Q2 earnings with EPS of $1.82, beating the consensus of $1.65. Sales were $15.02 billion, up 11.6% YoY, driven by capital markets. However, wealth management metrics lagged, raising concerns about future performance. Analysts from Goldman Sachs and JP Morgan provided mixed ratings.
July 16, 2024 | 7:45 pm
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Morgan Stanley reported Q2 EPS of $1.82, beating the consensus of $1.65, with sales of $15.02 billion driven by capital markets. However, wealth management metrics lagged, raising concerns about future performance. Analysts provided mixed ratings.
Morgan Stanley's strong Q2 earnings, driven by capital markets, positively impact the stock in the short term. However, concerns about wealth management metrics and mixed analyst ratings may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100