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Sep 30, 2024
Morgan Stanley Q3 2024 Earnings Report
Reported net revenues of $15.4 billion and EPS of $1.88.
Key Takeaways
Morgan Stanley reported a strong third quarter with net revenues of $15.4 billion and earnings per diluted share of $1.88. The firm's ROTCE was 17.5% for the quarter. Strong performance was seen across business segments, particularly in Institutional Securities, driven by increased client activity and momentum in Investment Banking. Wealth Management also delivered record net revenues, supported by asset management and transactional revenues.
Net revenues for the third quarter were $15.4 billion, reflecting strength across business segments.
The Firm delivered ROTCE of 17.5% during the third quarter.
Expense efficiency ratio was 72% for the third quarter.
Wealth Management added net new assets of $64 billion and total client assets reached $6 trillion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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