Morgan Stanley reported a strong second quarter with net revenues of $15.0 billion, a 12% increase compared to the previous year. The firm's EPS was $1.82, and ROTCE reached 17.5%. The results reflect an improved capital markets environment and balanced performance across Wealth Management and Institutional Securities.
Net revenues for the second quarter were $15.0 billion, balanced across Wealth Management and Institutional Securities.
The Firm delivered ROTCE of 17.5%.
The Firm expense efficiency ratio was 72% for the second quarter.
Institutional Securities net revenues of $7.0 billion reflect strong performance across the franchise.
Morgan Stanley did not provide specific forward guidance in the Q2 2024 earnings report.