Morgan Stanley fourth-quarter earnings rise to exceed Wall Street's estimate

Tiger Newspress2022-01-19

Morgan Stanley posted better-than-expected profits on Wednesday.

Here are the numbers:

  • Earnings: $2.01 a share vs. estimate $1.91 a share, according to Refinitiv.
  • Revenue: $14.52 billion vs. estimate $14.6 billion

Morgan Stanley Reports Fourth Quarter Net Revenues of $14.5 Billion, EPS of $2.01 and ROTCE of 19.8%; Record Full Year Net Revenues of $59.8 Billion, EPS of $8.03 and ROTCE of 19.8%

Morgan Stanley (NYSE: MS) today reported net revenues of $14.5 billion for the fourth quarter ended December 31, 2021 compared with $13.6 billion a year ago. Net income applicable to Morgan Stanley was $3.7 billion, or $2.01 per diluted share,1 compared with $3.4 billion, or $1.81 per diluted share,1 for the same period a year ago.

Full year net revenues were $59.8 billion compared with $48.8 billion a year ago. Net income applicable to Morgan Stanley for the current year was $15.0 billion, or $8.03 per diluted share,1 compared with $11.0 billion, or $6.46 per diluted share,1 a year ago. The comparisons of current year results to prior periods were impacted by the acquisitions of E*TRADE Financial Corporation (“E*TRADE”) and Eaton Vance Corp. (“Eaton Vance”).

Morgan Stanley stock jumped more than 3% in premarket trading.

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