Morgan Stanley (MS) Earnings Preview: Extends current round of bank earnings
Jan 13, 2024 9:30 AM
|
Financials
Morgan Stanley (MS) is scheduled to report its fourth-quarter and full-year 2023 earnings on January 16, 2024, before the market opens. Analysts expect the investment bank to post quarterly earnings of $1.07 per share, down 39.9% from the same period last year, on revenue of $12.17 billion, down 16.2% year over year.
The expected decline in earnings and revenue is mainly due to the challenging market conditions in the last quarter of 2023, which impacted the bank’s trading and investment banking activities.
Morgan Stanley’s institutional securities segment, which accounts for more than half of its total revenue, is likely to face lower client activity, reduced deal flow, and increased volatility.
The bank’s wealth management and investment management segments may also see lower fee income and asset levels, as the global markets suffered from the regional banking crisis, the inflation surge, and the new variant of the coronavirus.
However, Morgan Stanley may also report some positive developments, such as its continued cost discipline, its strong capital position, its diversified revenue mix, and its strategic initiatives.
The bank has been investing in technology, innovation, and talent to enhance its capabilities and efficiency. It has also been expanding its footprint and offerings through acquisitions, such as the purchase of Eaton Vance, a leading asset manager, in 2023.
Morgan Stanley’s results will provide a glimpse into the performance and outlook of the U.S. investment banking industry, which has been facing headwinds from the uncertain and volatile environment.
.gif)
Morgan Stanley (MS) Earnings Preview: Extends current round of bank earnings
Morgan Stanley (MS) is scheduled to report its fourth-quarter and full-year 2023 earnings on January 16, 2024, before the market opens. Analysts expect the investment bank to post quarterly earnings of $1.07 per share, down 39.9% from the same period last year, on revenue of $12.17 billion, down 16.2% year over year.
Morgan Stanley’s results will provide a glimpse into the performance and outlook of the U.S. investment banking industry, which has been facing headwinds from the uncertain and volatile environment.