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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.
Morgan Stanley
Morgan Stanley
Morgan Stanley Revenue by Segment
Morgan Stanley Revenue by Geographic Location
Revenue by Segment
Institutional Securities Revenue
CapyFin.comWealth Management Revenue
CapyFin.comInvestment Management Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.