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Morgan Stanley Earnings Beat, Revenue Misses In Q4 -Breaking

by Mike Robinson

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© Reuters. Morgan Stanley’s Earnings beat, but Revenue is Lower in Q4

Investing.com – Morgan Stanley (NYSE:) Wednesday’s fourth quarter report showed that revenue fell below expectations and that analysts had forecasts for the quarter exceeded.

Morgan Stanley posted earnings per share (EPS) of $2.08 on $14.52B in revenue. Investing.com polled analysts and predicted an EPS of $1.94 for revenue of $14.56B.

Morgan Stanley shares have fallen 4% since the start of the year. However, they are still below 11.70% of their 52-week high of $106.47 on January 12. They are under-performing the S&P Global 100 which is down 2.14% from the start of the year.

Morgan Stanley shares fell 0.81% during pre-market trading following the news.

Morgan Stanley’s earnings are in line with other Financial Sector leaders this month

Morgan Stanley reports on JPMorgan’s Friday earnings beat. JPMorgan posted EPS of 3.33 on $29.26B in revenue, while forecasts called for EPS to be $3.01 and $3.01 respectively.

Bank of America beat all expectations Wednesday, posting a fourth quarter earnings per share of $0.82 on $22.06B in revenue. This compares to the $0.7652 forecasted for $22.18B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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