Morgan Stanley’s Post

Net revenues are crucial for a company like Morgan Stanley as they indicate the total income from its operations, reflecting its financial health and efficiency in generating profit from its core business activities.

🏠Morgan Stanley yesterday reported net revenues for the second quarter ended June 30, 2024 – reaching $15.0 billion compared with $13.5 billion a year ago(Increase of 11.6% ). Net income applicable to Morgan Stanley was $3.1 billion, compared with net income of $2.2 billion a year earlier(Increase of 41%). 

🇺🇸🏦 Morgan Stanley Q2 24 Earnings: - EPS: $1.82 (est $1.65) - Net Revenue: $15.0B (est $14.27B) - Net Interest Income: $3.12B (est $2.64B) #MS #Report #Finance #InvestmentBrokers #InvestmentBanks

Hello bias in reporting! Same earnings report from Goldman Sachs but highly contrasting articles by WSJ and FT! The WSJ report focuses on the increase in earnings for Goldman Sachs, on the other hand the FT report focuses on the low profit for the same company and paints a bleak picture. Makes you question which article has a bit of bias sprinkled in! WSJ: https://lnkd.in/gqN26Wfh FT: https://on.ft.com/3HliNRv

Goldman Sachs and Morgan Stanley reported their lowest annual profits in four years, attributing the decline to slowdowns in investment banking and bond trading (2023 Net income: GS -24% ; MS -18%). Goldman faced additional challenges with losses in retail banking, including the sale of its GreenSky online lending business. Morgan Stanley's profits were impacted by a dearth of deals and public listings, resulting in a 18% drop in full-year net income. Both banks cited the drop-off in dealmaking activity as a significant factor, with Goldman's investment bank revenues in the quarter being 12% lower than the previous year. Despite these challenges, Goldman's fourth-quarter results surpassed expectations, driven by gains in asset and wealth management, as well as equities trading. Biggest risks for 2024 ➡️ Geopolitical tensions and the trajectory of the US economy. Source: https://lnkd.in/dvUS7juH

🚨 Exciting News in the Financial World! 🚨 Goldman Sachs is making headlines by selling $5.5 billion in bonds following their impressive second-quarter earnings. This strategic move is set to bolster their corporate initiatives and underscores their strong market position. Goldman’s trading unit, especially in fixed-income and equities, exceeded expectations, driving significant earnings growth. This bond sale is part of a broader trend, with Wells Fargo and JPMorgan Chase also tapping into the investment-grade market post-earnings. Wells Fargo is issuing $2 billion in perpetual securities, following a substantial €2.75 billion raise in the European market. JPMorgan led the charge with a massive $9 billion offering, attracting an overwhelming $28 billion in investor demand. Top banks are leveraging favorable market conditions and preparing for potential election-driven volatility. Analysts predict a significant issuance surge, with expectations ranging from $21 billion to $30 billion from major banks this quarter. Stay tuned for more updates as these financial giants navigate the dynamic market landscape! #Finance #Investing #GoldmanSachs #WellsFargo #JPMorgan #BondMarket #CorporateDebt #MarketTrends #Investment #EarningsSeason

Corporate Earnings Report Posted on Tuesday, 16 April Morgan Stanley quarterly net revenue +4.2% to $15.14 bn vs $14.41 bn expected. EPS at $2.02 vs. $1.66 expected. Ted Pick, CEO, said, “In the first quarter of 2024 Morgan Stanley generated net revenues of $15 billion and earnings of $2.02 per share for a 20% return on tangible equity. As a result of strong net new asset growth, the firm has reached $7 trillion of client assets across Wealth and Investment Management. Institutional Securities also saw strength across the markets and underwriting businesses. The Morgan Stanley Integrated firm model delivers durable results.” — see report. #corporatefinance #morganstanley

Goldman Sachs Tops Q1 Estimates Fueled By Trading & Investment Banking 📈 - Q1 EPS $11.58 vs Exp. $8.56 - Q1 Rev $14.21bn vs Exp. 12.92bn Fixed-income traders delivered $4.32 billion in revenue, above analyst expectations of a decline, driven by mortgages and structured lending. Equity-trading revenue of $3.31 billion also climbed above expectations. Investment-banking revenue of $2.08 billion compared with analysts’ average estimate of $1.82 billion. Merger advisory fees of $1.01 billion was also ahead of estimates. #1 in announced and completed M&A (YTD value $292.8bn, 112 deals) with debt underwriting primarily reflecting a significant increase in leveraged finance activity. Asset and wealth-management business posted revenue of $3.79 billion, up 18% from a year earlier, which primarily reflected the impact of higher average Assets Under Supervision (AUS). Goldman shares climbed more than 4% in premarket trading. (See the full earnings presentation 👉 https://lnkd.in/eKthV6qg) #GoldmanSachs #InvestmentBanking #AssetManagement #Trading #Applications

Goldman Sachs and Wells Fargo Make Major Bond Moves Goldman Sachs sold $5.5bn of bonds after strong earnings. Goldman's bond sale is split into two parts, with the 11-year bonds yielding 1.17% above Treasuries. Proceeds will fund general corporate needs, with Goldman as the sole underwriter. This sale follows a successful quarter, driven by their trading unit and rebounding capital markets. Wells Fargo issued $2bn in perpetual securities, a day after raising €2.75bn in Europe. This marks Wells Fargo's first preferred stock sale since last summer, enhancing their AT1 capital. JPMorgan kicked off the issuance spree, borrowing $9bn, driven by high investor demand. Banks aim to borrow more this month, anticipating potential market turmoil from upcoming elections. Top banks are set to borrow up to $24bn this month, benefiting from falling yields. Bank bond spreads have outperformed during heavy supply weeks, showing the strength of bank earnings. These moves underscore the strategic borrowing by major banks post-earnings, setting a tone for the investment-grade market. What are your thoughts on this strategic borrowing spree by the banks? #InvestmentGrade #BankingSector #BondMarket

Hit or Miss 📈 : Goldman Sachs Announces Q4 and Full Year 2023 Results Here is what you need to know about 2023 results: 🎯Hit: Net Revenue $11.32B (est $10.84B) 🔻Miss: FICC Sales & Trading Rev $2.03B (est $2.58B) 🎯Hit: Eqt & Trading Rev $2.61B (est $2.25B) 🔻Miss: Banking & Markets Rev $6.35B (est $6.47B) 👀 The diluted EPS in Q42023 was 65% higher Vs. Q42022 but this is due to the lower base effect. On an annual 2023 basis, the EPS is 24% down Vs 2022. 😲 The Asset and Wealth Management division recorded impressive growth, with total AUM touching $2.81 trillion Vs $2.77 trillion expected. #earnings #earningsseason #goldmansachs #linkedinforcreators