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Morgan Stanley (MS) Q4 Earnings, Revenues Lag on Trading Woe
Weak trading and underwriting performance affected Morgan Stanley’s MS fourth-quarter 2018 adjusted earnings of 73 cents per share, which lagged the Zacks Consensus Estimate of 90 cents. The figure also reflected 13% decline from the prior-year quarter.
Shares of Morgan Stanley have declined more than 4% in pre-market trading. Notably, the stock’s price performance after the full day’s trading will give a better indication about investors’ sentiments.
Dismal underwriting (both equity and fixed income) revenues (down 25%) and fixed income trading revenues (down 30%) hurt Morgan Stanley’s quarterly results. Additionally, net interest income recorded a fall.
However, stable equity trading income and improvement in advisory revenues (up 41%) acted as tailwinds. Further, operating expenses witnessed a decline. Also, the company’s capital ratios remained strong.
Net income applicable to Morgan Stanley was $1.53 billion, up substantially from $643 million in the prior-year quarter.
In 2018, adjusted earnings of $4.61 per share missed the Zacks Consensus Estimate of $4.86. However, the figure was up 28% year over year. Net income applicable to Morgan Stanley was $8.74 billion, up 43%.
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https://finance.yahoo.com/news/morgan-st...02769.html
![[Bild: MSc1dl1618.png]](https://finviz.com/publish/011719/MSc1dl1618.png)
Weak trading and underwriting performance affected Morgan Stanley’s MS fourth-quarter 2018 adjusted earnings of 73 cents per share, which lagged the Zacks Consensus Estimate of 90 cents. The figure also reflected 13% decline from the prior-year quarter.
Shares of Morgan Stanley have declined more than 4% in pre-market trading. Notably, the stock’s price performance after the full day’s trading will give a better indication about investors’ sentiments.
Dismal underwriting (both equity and fixed income) revenues (down 25%) and fixed income trading revenues (down 30%) hurt Morgan Stanley’s quarterly results. Additionally, net interest income recorded a fall.
However, stable equity trading income and improvement in advisory revenues (up 41%) acted as tailwinds. Further, operating expenses witnessed a decline. Also, the company’s capital ratios remained strong.
Net income applicable to Morgan Stanley was $1.53 billion, up substantially from $643 million in the prior-year quarter.
In 2018, adjusted earnings of $4.61 per share missed the Zacks Consensus Estimate of $4.86. However, the figure was up 28% year over year. Net income applicable to Morgan Stanley was $8.74 billion, up 43%.
...
https://finance.yahoo.com/news/morgan-st...02769.html
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