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Morgan Stanley (MS) Beats on Q2 Earnings Amid Trading Woes
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Trading, Investment Banking Hurt Revenues, Costs Decline
Net revenues amounted to $10.24 billion, a decline of 3% from the prior-year quarter. However, the top line beat the Zacks Consensus Estimate of $9.98 billion.
Net interest income was $1.02 billion, up 14% from the year-ago quarter. This was largely due to a rise in interest income, partially offset by higher interest expenses.
Total non-interest revenues of $9.22 billion fell 5% year over year, primarily due to dismal investment banking and trading performance.
Total non-interest expenses were $7.34 billion, down 2% year over year.
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https://finance.yahoo.com/news/morgan-st...01944.html
![[Bild: MSc1dl0926.png]](https://finviz.com/publish/071919/MSc1dl0926.png)
...
Trading, Investment Banking Hurt Revenues, Costs Decline
Net revenues amounted to $10.24 billion, a decline of 3% from the prior-year quarter. However, the top line beat the Zacks Consensus Estimate of $9.98 billion.
Net interest income was $1.02 billion, up 14% from the year-ago quarter. This was largely due to a rise in interest income, partially offset by higher interest expenses.
Total non-interest revenues of $9.22 billion fell 5% year over year, primarily due to dismal investment banking and trading performance.
Total non-interest expenses were $7.34 billion, down 2% year over year.
...
https://finance.yahoo.com/news/morgan-st...01944.html
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