Shares of Morgan Stanley MS rose 1.9% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 60.00% year over year to $1.92, which beat the estimate of $1.27.
Revenue of $13,640,000,000 rose by 25.63% year over year, which beat the estimate of $11,540,000,000.
Looking Ahead
Morgan Stanley hasn't issued any earnings guidance for the time being.
Morgan Stanley hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Jan 20, 2021
Time: 08:30 AM
ET Webcast URL: https://www.morganstanley.com/about-us-ir
Price Action
52-week high: $77.17
Company's 52-week low was at $27.20
Price action over last quarter: Up 47.35%
Company Overview
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments. The company had $2.7 trillion of client assets as well as more than 60,000 employees at the end of 2019. Approximately half of the company's net revenue is from its institutional securities business, with the other half coming from wealth and asset management. The company derives about 30% of its total revenue outside the Americas.
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