Morgan Stanley Q2 Profit Rises

Morgan Stanley (MS) released earnings for its second quarter that rose from last year.

The company’s bottom line came in at $2.27 billion, or $1.30 per share. This compares with $1.59 billion, or $0.87 per share, in last year’s second quarter.

Analysts had expected the company to earn $1.11 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 11.7% to $10.61 billion from $9.50 billion last year.

Morgan Stanley earnings at a glance:

-Earnings (Q2): $2.27 Bln. vs. $1.59 Bln. last year.
-EPS (Q2): $1.30 vs. $0.87 last year.
-Analysts Estimate: $1.11
-Revenue (Q2): $10.61 Bln vs. $9.50 Bln last year.

by RTTNews Staff Writer

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