Morgan Stanley Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 10/17 10:41

Morgan Stanley (NYSE:MS) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$15.3b (up 17% from 3Q 2023).
  • Net income: US$3.03b (up 34% from 3Q 2023).
  • Profit margin: 20% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$1.91 (up from US$1.39 in 3Q 2023).
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NYSE:MS Earnings and Revenue Growth October 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Morgan Stanley Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 9.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Morgan Stanley that we have uncovered.