$MS (+1.17%) | Morgan Stanley Q3 2024 Earnings Highlights:

🔹 EPS: $1.88 (Est. $1.60) 🟢; UP from $1.47 YoY

🔹 Net Revenue: $15.38B (Est. $14.36B) 🟢

SEGMENTS REVENUE:

🔹 Wealth Management: $7.27B (Est. $6.88B) 🟢; UP +14% YoY

🔹 Investment Management: $1.46B

Institutional Securities:

🔹 Total Revenue: $6.82B

🔹 Investment Banking: $1.46B

🔹 Equities Sales & Trading: $3.05B (Est. $2.7B) 🟢; UP +21% YoY

🔹 FICC Sales & Trading: $2.00B (Est. $1.85B) 🟢

Capital Returns:

🔸 Stock Buybacks: $800M repurchased during Q3

Other Financial Metrics:

🔸 Provision for Credit Losses: $79M

🔸 Compensation Expenses: $6.73B

🔸 Non-Compensation Expenses: $4.35B

🔸 Expense Efficiency Ratio: 72%

🔸 ROE: 13.1%

CEO James Gorman's Commentary:

🔸 "Our management continues to be focused on driving durable growth and realizing long-term returns for our shareholders."