- $MS (+0%) reported earnings per share (EPS) of 2.13 US dollars, beating the consensus estimate of 1.98 US dollars. Turnover rose to USD 16.8 billion, exceeding the expected USD 16.01 billion.
- The Institutional Securities achieved sales of USD 7.6 billion, driven by increased client activity and particularly strong results in equity trading.
- Wealth Management generated net sales of USD 7.8 billion with a pre-tax margin of 28.3%, supported by robust asset management revenues and increased client retention.
- Investment Management generated net sales of USD 1.6 billion, mainly driven by management fees on higher average assets under management (AUM).
- The division also recorded USD 11 billion in positive long-term net inflows.
- In trading, turnover in the equities increased by 23 %, while the fixed income recorded an increase of 9 %.
- The return on tangible equity (ROTCE) amounted to was 18.2 % in the quarter and 20.6 % in the first half of the year. The efficiency ratio of the company amounted to 70%, supported by economies of scale and disciplined cost control.
- The company also announced an increase in the quarterly dividend to USD 1.00 per share.
- Youtube channel for stock analysis: www.youtube.com/@Verstehdieaktie