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).

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

Morgan Stanley Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

The company's shares are up 11% from a week ago.

Risk Analysis

You should always think about risks.

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