See Also:Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year. But the stock, which fell nearly 5%, was being punished too harshly, given much of the difficulties reflect the realities of this year's tough macroeconomic backdrop and terrible equity market. At the firm level, management continues to execute well against massive external headwinds and as a result, we believe Morgan Stanley remains a good investment because it stands to benefit greatly as the operating environment improves. Watch the replay here: https:// Morgan Stanleys MS third-quarter 2022 results, scheduled to be announced on Oct 14, are expected to reflect the benefits of robust trading performance. Net interest income is accretive to EPS this year for the banks and financials for the first time in probably a decade. Wealth Management net revenue of $6.12 billion for Q3 came up a bit short versus expectations of $6.15 billion. The shares year-to-date have declined by more than 20%. The CFA was awarded in 1994. Here are the numbers: Earnings of $1.47 a share, compared with $1.49 estimate of analysts surveyed by Refinitiv, Revenue of $12.99 billion, compared with the $13.3 billion estimate, Earnings of $1.47 a share, compared with $1.49 estimate of analysts surveyed by Refinitiv. Contents: Prepared Remarks; Our next question comes from Elizabeth Porter of Morgan Stanley. Fixed-income underwriting was hit by a difficult macro environment that led to lower issuances. No positions are owned currently. Although JPMs price-to-book and price to tangible-book are 1.25x and 1.55x, and not as cheap as other banks, this is the smallest premium that JPM has traded at to book value((s)) in the last 7 quarters. "The premium over the historical average reflects greater confidence in the medium-term growth cycle in India," said the brokerage in the note. That's down from expectations of 2 million., Related Link:Taiwan To Elon Musk - 'Our Freedom And Democracy Are Not For Sale', Demand destruction is part of the problem. The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. Elizabeth Porter-- Morgan Stanley -- Analyst. The Morgan Stanley Alliance for Childrens Mental Health gathered an expert panel to discuss how this digital shift impacts family well-being, and what strategies parents and caregivers can use to adapt. The logo of Morgan Stanley is seen in New York. At 68,500, the Sensex will trade at a trailing Price to Earnings (PE) ratio of 25 times, above its 25-year average of 20 times, said Morgan Stanley. That brings total year-to-date net new assets to $260 billion and showcases Morgan Stanley's ability to continue to attract new assets despite the market volatility we have seen year-to-date. Oct. 07, 2022 3:53 AM ET BRK.A, BlackRock reports their Q3 22 on Thursday, October 13th, 2022. WebMorgan Stanley Maintained Buy $62 gut 07/18/22 Credit Suisse Maintained Buy Q3 2023 Earnings Release: 10/13/2023: Earnings Report - Q4 2023 Earnings Release: 01/17/2024: (Jim Cramer's Charitable Trust is long MS. See here for a full list of the stocks.) Between $70-$75 per share, I do think the stock gets to be too cheap. Fixed Income revenue: $2.18 billion, up 33% from last year and in line with expectations. Benzinga does not provide investment advice. 5. The top line marginally missed the Zacks Consensus Estimate of $13.1 billion. Morgan Stanley warned that such could be reflected in the months ahead byshorter lead times and price declines as EV consumers feel the effects of inflation.. 2022 Benzinga.com. In Q2 22, Citi printed 13% in YoY revenue growth and a 23% YoY decline in EPS. Financial Sector Earnings Next Week: JPMorgan, Morgan Stanley, Wells Fargo And Citigroup. ET. Daily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. In the reported quarter, Morgan Stanley repurchased shares worth $2.6 billion. ET. Q3 2022 Earnings Call Nov 08, 2022, 5:00 p.m. Got a confidential news tip? Also, higher interest rates are expected to aid net interest income growth. The real attraction to the stock is the current book value and tangible book value valuations of 0.48x and 0.64x, with the stock around $45 per share. Our analysts, economists and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets and the worlds economies. Experience Your Economic Times Newspaper, The Digital Way! JPMorgan Chase, a rival to Morgan Stanley in Wall Street trading and advisory activities, posted results that topped expectations on strong interest income. At some point the regulators should take off the cuffs and allow well-managed banks to boost dividends and repurchase shares after theyve built up capital. Humana HUM currently has an Earnings ESP of +0.76% and a Zacks Rank of #2. The S&P 500's Financial sector has also given about 20% during 2022. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. The FX impact will be felt more in companies with more international exposure, cited Glass. Wells Fargo also reports their Q3 22 financial results next Friday, October 14, 2022. Try the tool that will help you invest smarter, faster, and better, UPDATE 1-Saudi energy minister sees no clear results yet from Russia price cap, UPDATE 1-Traders don't plan to suspend grain exports from Odesa after Russian attacks -Ukraine minister, U.S. bars Russian diplomats from Soviet graves on Alaska base - TASS, U.S. energy envoy Hochstein calls investor hostility to shale drilling "un-American" -FT, NASA's Orion capsule heads for splashdown after Artemis I flight around moon. Morgan Stanleys MS third-quarter 2022 adjusted earnings of $1.53 per share surpassed the Zacks Consensus Estimate of $1.51. Contents: Prepared Remarks; please. Price Action:CMG shares are trading higher by 0.72% at $1,486.52 on the last check Tuesday. It's down nearly 34.6% year-to-date. The stock was sold in the mid to low $40s at the time and there is little interest repurchasing the shares. Morgan Stanley Asia (Singapore) Pte and Societe Generale Employees Family Member Can Get Family Pension Even If Members Name Not In Records Samil Continues To Be Cautious Net interest income revenue: $2 billion, up 49% thanks to higher interest rates. Investor Relations. It comes from the line of Craig Hettenbach with Morgan Stanley. Expense efficiency ratio was 74% versus 72% expected. 2022 CNBC LLC. At the time, it also declared a quarterly dividend of $0.775 per share, payable on Nov. 15 to shareholders of record on Oct. 31. Like Goldman and JPMorgan, Morgan Stanley will feel the pressure in the banking business first which, as of Q2 22, as a percentage of their net revenue and pre-tax income, is roughly half the business. Capital Returns Morgan Stanley repurchased 30 million shares in its third quarter at an average purchase price of $85.79 per share, resulting in a return of capital to shareholders of $2.56 billion. Excluding items, NuVasive, Inc. reported adjusted earnings of $28.33 million or $0.54 per share for the period. It comes from the line of Craig Hettenbach with Morgan Stanley. This compares to earnings of $0.27 per share a year ago. Past performance is no guarantee of future results and conditions can change for these stocks and yet the opinion wont necessarily be updated. Fortunately, the business model changes for the past decade or more, plus the acquisitions of Smith Barney, E-Trade and Eaton Vance put us in a position of significant relative strength and should support solid absolute performance in the months ahead." The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. Gap (GPS) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. Return on average tangible common shareholders' equity (ROTCE) in the third-quarter was 14.6% versus 15.1% expected. Q3 2022 Earnings Call Nov 02, 2022, 8:15 a.m. Is this happening to you frequently? Total expenses came in at $4.17 billion, with nearly half related to compensation. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Prior to all of the above earnings reports next Friday, we will see Septembers inflation data, both CPI and PPI, not to mention Friday morning, October 7ths, September payroll report. Jonas has a 58%accuracy rating, according toBenzinga's analyst ratings tool. The shares year-to-date have declined by more than 20%. Tangible book value per share (TBVPS) was $39.93 versus $40.24 expected. Morgan Stanley Earnings. Morgan Stanley price-eps-surprise | Morgan Stanley Quote The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. Asset management revenue: $3.39 billion, down 7% year over year, primarily reflecting lower market levels. JPMorgan is one of our largest positions currently and remains a top 10 position while no positions are owned in Morgan Stanley or Wells Fargo. Morgan Stanley analyst John Glass raised the price target of Chipotle Mexican Grill Inc (NYSE: CMG) and Wingstop Inc (NASDAQ: WING) to $1,847 and $128, respectively. See Also: Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year Morgan Stanley analysts updated their forecast to reflect Tesla's delivery miss. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Common equity Tier 1 capital ratio was 15.2%, down from 17.2%. Revenues missed expectations by about $327.80 million and decreased by almost 14% year-over-year. Today, for Q3 22, JPM consensus is expecting $2.92 in EPS and $32 billion in revenue next week for expected YoY growth of -22% in EPS and +8% in revenue. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Trading at 7x forward earnings, with revenue growth in 2022, and at a steep discount to book value and tangible book, with a 4.3% dividend yield, youd think the stock would be a no-brainer, but the stock has been a perennial underperformer since the 2008 Financial Crisis, thanks to the dilution Citi underwent to boost capital. Importantly, on the call, management said, "Underwriting activity has not gone away, it is simply being deferred." WebDaily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. While fixed-income trading revenues increased 33% year over year, equity trading income declined 14%.Operating expenses declined year over year, which was a positive.Including integration-related expenses for the E*Trade Financial (closed October 2020) and Eaton Vance (closed March 2021) deals, net income applicable to common shareholders was $2.5 billion, down 30% from the year-ago quarter. The dynamic of better sales and lower inflation is most constructive for casual dining, least so for distributors, where food inflation had been a sales tailwind, added Glass. The decline in GAAP earnings despite top-line growth was primarily attributable to higher operating expenses. The downside resulted from a fall in investment banking revenues, partly offset by higher fixed-income trading revenues.Wealth Management: The segment includes the results of E*Trade Financial. Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more JPM declared their $1 per share dividend in late September 22, but the dividend wasnt increased. Our teams collaborate to assist Morgan Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. TSLA Price Action: Tesla has a 52-week high of $414.50 and a 52-week low of $206.86. Shares of the bank have dropped 19% this year through Thursday, holding up better than the 25% decline of the KBW Bank Index. James Gorman gave an interview in the last few weeks and wasnt negative on the business in 2022 (presumably credit risk weakening) which in front of earnings in the next week is more positive than negative. The bottom line reflects a decline of 25% from the year-ago quarter. Expectations: Wall Street forecast a 25.5% drop in earnings to $1. WebMorgan Stanley Maintained Hold $38 neutral 11/14/22 Citigroup Corp. Morgan Stanley on Tuesday reduced its employee count by 2% or 1,600 of the bank's 81,567 employees, according to reports. To read full story, subscribe to ET Prime, Billed annually at WebMorgan Stanley Maintained Hold $40 neutral 07/01/22 Wells Fargo & Co Maintained Buy Q3 2023 Earnings Release: 10/17/2023: Earnings Report - Q4 2023 Earnings Release: The Morgan Stanley Alliance for Childrens Mental Health gathered an expert panel to discuss how this digital shift impacts family well-being, and what strategies parents and caregivers can use to adapt. Morgan Stanley Earnings. 4. When Citi reports their Q3 22 financial results before the opening bell next Friday morning, October 14, analyst consensus is expecting $1.49 in EPS on $18.67 bl in revenue for expected YoY decline in EPS of 31% on 9% revenue growth. Our analysts, economists and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets and the worlds economies. Investment banking was hampered by a decline in M & A transactions. ET. Full-year deliveries are now expected to come in at around 1.31 million versus previous expectations of 1.37 million. Also, unlike other financials, Citis 2022 EPS are expected to decline 30%, and then decline again in 2023 by 4%, given the current consensus. A Division of NBCUniversal. Looking at the charts, only JPM has come close to its June 22 low (in fact JPM has made a new low since the $110 $112 print in mid-June 22) in the subsequent months since the SP 500 put in a low in mid-June 22 of 3,636, while both Morgan Stanley and Wells Fargo have remained about those mid-year lows in terms of their stock price action. Contents: Prepared Remarks; Our next question today comes from John Glass from Morgan Stanley. Unless the inflation data is still too hot next week, I like the double-bottom in the SP 500 at 3,636 and like financials here too. The Wall Street Journal. Asset management and related fees: $1.27 billion, down 14%, as a result of lower assets under management (AUMs). Equity revenue: $2.46 billion, down 14% from year-ago period, versus $2.72 billion expected. the Consumer Bank, the Corporate and Investment Bank, Commercial Banking and Asset Management all saw net income fall YoY in Q2 22, the biggest reason being the very tough compare with Q2 21, which was covered here in July 22. "Nevertheless, we believe Tesla will still sell every vehicle it can produce through the FY23 forecast," Morgan Stanley said. 07:55AM: Your Guide to Third-Quarter Bank Earnings. MCKs earnings yield of 6.94% compares favorably with the industrys 5.22%. The ratio was 73% ex-integration costs. Citi, which is by far the cheapest stock of the above trading at a 40-50% discount to book and tangible book values - will remain a work-in-progress and may take some time. The year-over-year decline was driven by equity markets declines and less client activity. Earnings. Elizabeth Porter-- Morgan Stanley -- Analyst. Click to get this free reportMorgan Stanley (MS) : Free Stock Analysis ReportFifth Third Bancorp (FITB) : Free Stock Analysis ReportCitizens Financial Group, Inc. (CFG) : Free Stock Analysis ReportTo read this article on Zacks.com click here. He has seen heightened focus on value proposition and more promotional and marketing activity in the industry, after more than two abnormal years, in some cases bringing back popular pre-COVID offers at a higher price point or more blanket discounting. Whats not to like is the full-year 2021 EPS print of $15.03, since that print could be peak EPS for several years. The next question will come from Elizabeth Porter of Morgan Stanley. Citizens Financial Group CFG is slated to report results on Oct 19.The Zacks Consensus Estimate for Citizens Financials third-quarter earnings of $1.22 indicates no change from the prior-year quarters reported figure.Fifth Third Bancorp FITB is slated to report third-quarter 2022 results on Oct 20.The Zacks Consensus Estimate for Fifth Thirds third-quarter earnings is pegged at 98 cents, which indicates a 4.3% year-over-year rise. Equity underwriting fees decreased 78% from the prior-year quarter and fixed-income underwriting declined 35%. Nevertheless, the companys increased focus on corporate lending will likely keep aiding revenues. PLAN, Yearly Gap (GPS) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. WebJPMorgan, Citi Q3 earnings delight investors, but Morgan Stanley disappoints. Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year, a sharp reversal from the deals boom that drove results last year. Contents: Prepared Remarks; please. JPM is trading at 9x the next 3 years avg EPS and revenue growth of 0% and +5%. Morgan Stanley analysts have homed in on two such stocks which are down at least 40% this year, but which they believe are primed for a turnaround. Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. The stock hasnt been owned by clients for several years since the account scandal broke. Pre-tax income was $116 million, falling 69% from the year-ago quarter. Contents: Prepared Remarks; Our next question comes from Elizabeth Porter of Morgan Stanley. Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Sign up for free newsletters and get more CNBC delivered to your inbox. Download The Economic Times News App to get Daily Market Updates & Live Business News. The sector is in much better shape than it was in the late 1990s and then again in 2008. The regulators and the economists seem greatly worried over the The Next Coming Great Recession (in our own minds) even though the US banking is probably better capitalized today than at any point since the early 1990s after the then commercial real estate crisis. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, ICICI Prudential Large & Mid Cap Fund-Growth. JPM stock closed up 1.7% on Friday after gaining 5.6% on Thursday. WebMorgan Stanley (MS) Q3 Earnings Beat Estimates. My recollection is that fully diluted shares outstanding increased by a multiple of 3x, which was crushing for the name. However, if you look at 2023, Citi is expected to see EPS decline again in 2023 versus the high EPS print in 2021 of $10.14 per share. Q3 Q4; 2022: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS : 2021: Includes DocuBay and TimesPrime Membership. Breaking things down further: Net-interest income rose 10% to $2.51 billion, beating expectations of $2.48 billion. ET by Christine Idzelis The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year, Taiwan To Elon Musk - 'Our Freedom And Democracy Are Not For Sale', Tesla Model S Vs. Lucid Air: This Race Is A Photo Finish. All EPS and revenue data are sourced from IBES data by Refinitiv, and the reporting dates are sourced from Briefing.com. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. Watch the replay here: https:// mgstn.ly/3hnivjj. Stock in Morgan Stanley fell by 4% following the financial results. Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Abbott Laboratories ABT is slated to report third-quarter 2022 results on Oct 19, before market open.. Remember, back in June, the board authorized a multiyear buyback program of up to $20 billion, with no expiration date, to start in Q3. This will alert our moderators to take action. The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. Morgan Stanley Schedules Quarterly Investor Conference Call 4. Tesla will sell 'every vehicle it can produce through the FY23 forecast,' Morgan Stanley predicts. JPMorgan, Citi Q3 earnings delight investors, but Morgan Stanley disappoints. It comes from the line of Craig Hettenbach with Morgan Stanley. Earnings per share of $1.47 missed the $1.49 expected by Wall Street analysts. ICICI Prudential India Opportunities Fund - Grow.. Morgan stanley sees sensex hitting 68,500. As a reminder, net interest income (NII) is the income generated as a result of the difference between what the bank pays you in interest to keep funds with them and what they can turn around and generate on those funds. The tangible book value per share was $39.93, down from $40.47 as of Sep 30, 2021.Morgan Stanleys Tier 1 capital ratio (advanced approach) was 17.1% compared with 18.9% in the year-ago quarter. The stability in the EPS estimate trend is probably helping.). Investment Management net revenue of $1.17 billion for Q3 missed the $1.34 billion consensus. WebMorgan Stanley Maintained Buy $62 gut 07/18/22 Credit Suisse Maintained Buy Q3 2023 Earnings Release: 10/13/2023: Earnings Report - Q4 2023 Earnings Release: 01/17/2024: In the last reported quarter, the company delivered an earnings surprise of 31.19%. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal. Currently, Morgan Stanley carries a Zacks Rank #3 (Hold). Gap (GPS) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. Morgan Stanley Maintained Buy $62 gut 07/18/22 Credit Suisse Maintained Buy Q3 2023 Earnings Release: 10/13/2023: Earnings Report - Q4 2023 Earnings Release: 01/17/2024: The analyst noted Europe and International macro concerns with both sales and cost headwind would impact MCD, YUM, QSR, and DPZ. Morgan Stanley price-eps-surprise | Morgan Stanley Quote. Bank of America is scheduled to report on Monday, followed by Goldman Sachs on Tuesday. The stock was up 0.38% at $223.95 at time of publication, according toBenzinga Pro. Like Morgan Stanley, and like JPMorgan, Citi and Jane Fraser want to grow the wealth management business in the next 5-10 years. Financial Sector Earnings Next Week: JPMorgan, Morgan Stanley, Wells Fargo And Citigroup. Our analysts, economists and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets and the worlds economies. Yahoo Finance Presents: Andy Cohen, TV Host, Producer, & Author, Andy Cohen reveals the 'secret sauce' to 'The Real Housewives' success, UPDATE 1-Saudi energy minister sees no clear results yet from Russia price cap, UPDATE 1-Traders don't plan to suspend grain exports from Odesa after Russian attacks -Ukraine minister, U.S. bars Russian diplomats from Soviet graves on Alaska base - TASS. This is after 5 years 2017 to 2021 where EPS averaged +23% a year. TBVPS isa measure of intrinsic liquidation value that removes intangibles such as goodwill. Get this delivered to your inbox, and more info about our products and services. WebNEW YORK, October 14, 2022 Morgan Stanley (NYSE: MS) today reported net revenues of $13.0 billion for the third quarter ended September 30, 2022 compared with $14.8 billion a year ago. Got a confidential news tip? ROTCE was 15.2% ex-integration costs. Fair value for MS seems to be between $90 and $100 for a premium brand within both the banking business and the wealth management business, so the stock around $80 is probably not trading at enough of a discount to warrant a big position. With mortgage rates hitting decade highs this week, the results of mortgage banking operations will be obvious. While down from the 12/31/21 EPS estimate, the calendar 2022 EPS estimate has risen since the summer. ET. The Department of Telecommunications (DoT) is likely to unveil a revised draft of the telecommunications bill in less than a month, to address issues around regulating content of over-the-top (OTT) apps and broadcasting services such as direct-to-home (DTH). 04:30PM: Morgan Stanley Earnings Fall for Third Consecutive Quarter. Transactional revenue: $616 million, down 18%, excluding mark-to-market losses on certain employee deferred compensation plan investments. Institutional Securities: Pre-tax income was $1.6 billion, down 45% from the prior-year quarter. Currently, for the full-year 2022, Street consensus is expecting EPS of $6.63 on revenue of $54.57 billion for expected YoY declines of -9% and -18% respectively. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. See Also:Tesla Model S Vs. Lucid Air: This Race Is A Photo Finish. +Includes DocuBay and TimesPrime Membership. Net revenues were $6.1 billion, up 3% from the prior-year quarter due to higher net interest income.Total client assets were $4.1 trillion as of Sep 30, 2022, down 11% year over year.Investment Management: The segment includes the results of Eaton Vance. "The premium over the historical average reflects greater confidence in the medium-term growth cycle in India," said the brokerage in the note. Do the numbers hold clues to what lies ahead for the stock? WebNEW YORK, October 14, 2022 Morgan Stanley (NYSE: MS) today reported net revenues of $13.0 billion for the third quarter ended September 30, 2022 compared with $14.8 billion a year ago. Q3 2022 Earnings Call Nov 10, 2022, 8:30 a.m. The stock is near baseline valuation, so if you can look out 6-12 months, you should be rewarded. When Morgan Stanley reports Friday, October 14th, the consensus is expecting $1.49 in EPS on $13.2 billion for expected YoY declines of 27% and 10% respectively. Morgan Stanley price-eps-surprise | Morgan Stanley Quote The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. All Rights Reserved. Excluding items, NuVasive, Inc. reported adjusted earnings of $28.33 million or $0.54 per share for the period. Glass slashed the price target ofDomino's Pizza Inc(NYSE: DPZ),McDonald's Corp(NYSE: MCD),Yum! Here is a quick look at JPMs EPS and revenue trend revisions: What I like about JPMs EPS revision trend is the stability since the summer months or since 7/31/22 across 2022 and 2023. Q3 2022 Earnings Call Nov 10, 2022, 8:30 a.m. EPS: -$0.04 in Q3 vs. -$0.42 in the same period last year. The upside was largely driven by a 160% rise in interest income.Total non-interest revenues of $10.5 billion decreased 17% year over year.Total non-interest expenses were $9.6 billion, down 3% year over year.Provision for credit losses was $35 million, up 46% from the prior-year quarter. Sign up for free newsletters and get more CNBC delivered to your inbox. Since U.S. Bancorp and BlackRock have never been owned by clients; those financials will not be covered here. Summary. At 68,500, the Sensex will trade at a trailing Price to Earnings (PE) ratio of 25 times, above its 25-year average of 20 times, said Morgan Stanley. American City Business Journals. Jane formerly ran Citis Consumer Bank so she has broad knowledge of the bank itself, which has attracted the attention of very good value investors like Bill Nygren at Oakmark and Berkshire Hathaway (long BRK.B stock). Across all our businesses, we offer keen insight on today's most critical issues. Like JPM there has been a softening in revision severity since the summer of 22. The potential catalyst from an earnings growth perspective could be the appointment of a new CEO, Jane Fraser, and her emphasis on building Citis wealth management arm. The big themes affecting the banking industry for Q3, 2022: JPMs stock was down 32% YTD as of 9/30/22, worse than the decline for the financial sector in general, which was down 21% YTD as of 9/30/22. It's down nearly 34.6% year-to-date. The stock today is technically oversold on the weekly chart although Id prefer to see JPM recover the $125 level, which is the point of the 200-week moving average. Humana HUM currently has an Earnings ESP of +0.76% and a Zacks Rank of #2. Brands Inc(NYSE: YUM),Restaurant Brands International Inc(NYSE: QSR),The Wendy's Company(NASDAQ: WEN),Krispy Kreme Inc(NASDAQ: DNUT),Shake Shack Inc(NYSE: SHAK),Jack In The Box Inc.(NASDAQ: JACK),Sysco Corp(NYSE: SYY),US Foods Holding Corp.(NYSE: USFD) andBloomin' Brands, Inc.(NASDAQ: BLMN). Q3 2022 Earnings Call Nov 08, 2022, 5:00 p.m. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. If the bank hits the $32 billion in revenue that will be the strongest YoY growth since March 21s 14%. Non-interest revenue fell 3% to $10.48 billion, missing expectations of $11.01 billion. Browse through our latest earnings releases, financial statements, presentations and webcasts. Our wholesale retreat from the markets is not called for but at the same time, I must be more cautious in credit-sensitive parts of the business. The Wall Street Journal. Watch the replay here: https:// mgstn.ly/3hnivjj. The increase was attributed to "strength in macro products on high client engagement and volatility in the markets." PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. 2022 Benzinga.com. Wells Fargo and Citigroup also posted mixed results Friday. The Reserve Bank of India (RBI) is estimated to have bought about $8 billion equivalent of foreign currency for the week ending December 2, in one of the biggest such weekly additions to its stockpile. Q3 Q4; 2022: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS : 2021: Zacks. Total assets under management in Q3 came in at $1.28 trillion, down 16% year over year, and down 5% from the second quarter. Morgan Stanleyanalyst John Glass raised the price target ofChipotle Mexican Grill Inc(NYSE: CMG) andWingstop Inc(NASDAQ: WING) to$1,847and$128, respectively. Captain Modi Leads BJP to Record 7th Gujarat Poll Cup Win, Revised Telecom Draft to Clear Air on OTT, DTH, RBI Buys Estimated $8b from Market in Week, Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42%, What do Q2 LIC results indicate for other Insurance companies? However, readers seemed to be interested in the stock, given the multitude of talking heads that bring up the stock in the financial media, so heres a quick look at the EPS and revenue estimate trends: The first take on the EPS and revenue estimate trend((s)) is that the decline or erosion in EPS isnt too bad despite the drop in the mortgage banking business in 2022 while revenue estimates have been fairly stable through all of 2022. Please go ahead. Elizabeth Porter-- Morgan Stanley -- Analyst. WebGet the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more The regulation lockdown that started in 2008-2009 and continued throughout the Obama Administration, was long overdue but there is also the were fighting the last war aspect to it in terms of the stress tests. Expense efficiency ratio isa measure of efficiency that is calculated as total non-interest expenses divided by net revenues. Investor Relations. Choose your reason below and click on the Report button. Q3 2022 Earnings Call Nov 02, 2022, 8:15 a.m. Capital Marketswill be a big drag for JP Morgan, Goldman Sachs, Morgan Stanley and possibly Bank of America. WebFavor bonds as stocks look expensive amid Wall Streets timid approach to earnings revisions, says Morgan Stanley Nov. 21, 2022 at 1:07 p.m. Glass said casual dining restaurants (CDR) performed better than Quick Service Restaurants (QSR) in Q3. 5. (Since this article was written in early August 22 over on Seeking Alpha, the SP 500 is down 9% and JPM is down 6%, so perhaps the stock is starting to discount all the news and interest rate volatility from earlier in 22. Next Friday, October 14th, 2022 is the big day for bank reporting next week as JPMorgan (JPM), Citigroup (C), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC) report before the opening bell. Investment banking revenue fell 55% to $1.28 billion in the quarter, essentially matching the estimate of analysts surveyed by StreetAccount. report before the opening bell. On the earnings call, CEO James Gorman said, "From a markets perspective, we expect continued volatility as the Federal Reserve continues to tighten policy such to bring down inflation to acceptable long-term levels. Our estimate for earnings was $1.52.The performance of the investment banking (IB) business was not good. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Next Friday, October 14th, 2022 is the big day for bank reporting next week. In Q2 22, within JPMs Corporate and Investment Bank, which is 32% and 43% of the banks net revenue and net income respectively, net revenue fell 10% and net income fell 26%. To read this article on Zacks.com click here. All Rights Reserved. Morgan Stanley price-consensus-eps-surprise-chart | Morgan Stanley Quote. Get this delivered to your inbox, and more info about our products and services. Morgan Stanley's Q3 quarter disappointed against expectations and peer JPMorgan. Total expenses for the segment came in at $1.05 billion, split nearly in half between compensation and non-compensation. Your line is open. Until that improvement, however, our patience will be rewarded via dividend payments and share buybacks, which remember are even more effective and accretive in the long-term at lower share prices. 2499 1749, Monthly Capital Returns Morgan Stanley repurchased 30 million shares in its third quarter at an average purchase price of $85.79 per share, resulting in a return of capital to shareholders of $2.56 billion. The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. BlackRock reports their Q3 22 on Thursday, October 13th, 2022. Q3 2022 Earnings Call Nov 08, 2022, 5:00 p.m. Data is a real-time snapshot *Data is delayed at least 15 minutes. WebDaily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. The next question will come from Elizabeth Porter of Morgan Stanley. Please go ahead. (We define the terms at the bottom of this section.) ET. NEW YORK, October 14, 2022 Morgan Stanley (NYSE: MS) today reported net revenues of $13.0 billion for the third quarter ended September 30, 2022 compared with $14.8 billion a year ago. The next question will come from Elizabeth Porter of Morgan Stanley. Equity underwriting was hurt by lower global equity volumes. This compares to earnings of $2.04 per share a year ago. CCAR and the clamping down on financial services risk-profile after 2008 has actually done its job, but like all regulations and regulators, there is a tendency to re-regulate to remain employed. Benzinga does not provide investment advice. Revenue of $12.99 billion dropped 12% from a year earlier, driven by the fall-off in investment banking and declines in investment management revenue. Expectations: Wall Street forecast a 25.5% drop in earnings to $1. If you have an ad-blocker enabled you may be blocked from proceeding. Morgan Stanley on Friday posted third-quarter results that missed analysts' expectations as investment banking revenue collapsed by 55%. The Wall Street Journal. Morgan Stanley analyst John Glass raised the price target of Chipotle Mexican Grill Inc (NYSE: CMG) and Wingstop Inc (NASDAQ: WING) to $1,847 and $128, respectively. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. Here are the numbers: Earnings of $1.47 a share, compared with $1.49 estimate of analysts surveyed by Refinitiv; Revenue of $12.99 billion, compared with the $13.3 billion estimate Q3 Q4; 2022: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS : 2021: EPS: -$0.04 in Q3 vs. -$0.42 in the same period last year. Other factors to watch are pricingm demand trends, promotional activity, and input costs. Morgan Stanley (MS) delivered earnings and revenue surprises of 1.32% and 1.16%, respectively, for the quarter ended September 2022. Your Reason has been Reported to the admin. The bottom line reflects a decline of 25% from the year-ago quarter. Do the numbers hold clues to what lies ahead for the stock? ET. Days Trial. Uncertainty about the performance of the capital markets makes us apprehensive. Excluding items, NuVasive, Inc. reported adjusted earnings of $28.33 million or $0.54 per share for the period. Advisory fees were down 46% year over year. Looking at my own internal fair value calculation as well as Morningstars estimate, all three stocks are trading at a 25% discount to that fair value estimate. 2022 CNBC LLC. Stock in Morgan Stanley fell by 4% following the financial results. Contents: Prepared Remarks; Our next question comes from Elizabeth Porter of Morgan Stanley. The analyst believes the U.S. restaurant group rose at the beginning of Q3, only to retreat again late in the quarter as global economic concerns ramped up again in a slightly different form. Revenue of $12.99 billion came up short of the $13.3 billion consensus. Downgraded to Hold Q3 2023 Earnings Release: 10/17/2023: Earnings Report - Q4 2023 Earnings Release: The slowdown was triggered by broad declines in financial assets, recession concerns and the Ukraine war. JPMorgan still resembles the type of money-center bank that was prevalent in the 1990s with both corporate and capital market operations and attracted regulator attention post 2008 due to revenue volatility and financial institution size and importance (SIFI). Morgan Stanley (MS) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.51 per share. The S&P 500's Financial sector has also given about 20% during 2022. WebGet the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more That being said, the 3.75% dividend yield for MS is attractive, and per a note from the June 22 conference call, MS is likely to repurchase $1.5 stock per quarter in 2022. This was the highest third quarter result for fixed income in over a decade. Morgan Stanley analysts have homed in on two such stocks which are down at least 40% this year, but which they believe are primed for a turnaround. Note how revenue revision trends are stable to higher. Personally, I think there is more reward than risk within the financial sector today (depending on the stock youre looking at) but the economy and capital market conditions can change rapidly. Morgan Stanley (MS) delivered earnings and revenue surprises of 1.32% and 1.16%, respectively, for the quarter ended September 2022. Our teams collaborate to assist Morgan This compares to earnings of $0.27 per share a year ago. 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As noted in Friday's "Morning Meeting," there's no reason for the Club to rush to buy more shares just yet. Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Oct. 07, 2022 3:53 AM ET BRK.A, BlackRock reports their Q3 22 on Thursday, October 13th, 2022. Contents: Prepared Remarks; Our next question today comes from John Glass from Morgan Stanley. JPM stock closed up 1.7% on Friday after gaining 5.6% on Thursday. "The premium over the historical average reflects greater confidence in the medium-term growth cycle in India," said the brokerage in the note. All rights reserved. Total expenses for the segment came in at $4.46 billion, with nearly three quarters attributable to compensation and the rest driven by technology investments along with increased marketing and business development costs that reflect normalization as Covid-related restrictions abate. Q3 2022 Earnings Call Nov 10, 2022, 8:30 a.m. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. ET. Across all our businesses, we offer keen insight on today's most critical issues. Want the latest recommendations from Zacks Investment Research? Morgan Stanley Schedules Quarterly Investor Conference Call 04:30PM: Morgan Stanley Earnings Fall for Third Consecutive Quarter. With MS trading at 12x and 10.5x the expected 2022 and 2023 EPS of $6.63 and $7.77, like JPM, it will probably take another year or two to recover the record $8.06 EPS print from 2021. The decline in GAAP earnings despite top-line growth was primarily attributable to higher operating expenses. We want to hear from you. Your line is open. Net interest income (NII) came in better-than-expected, while fees were worse-than-expected in the 2nd quarter, 2022. Data is a real-time snapshot *Data is delayed at least 15 minutes. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. To conclude, whether the stocks are buyable today and whether readers want to sit with them until capital markets start to perform better, probably is a significant bet on a) how bad of a recession we do see, the recession everyone is forecasting, or b) whether we have a recession at all. Morgan Stanley Schedules Quarterly Investor Conference Call Morgan Stanley does not have the EPS volatility of a JPMorgan or Goldman Sachs, but its fortunes are still tied to the capital markets or stock and bond markets, and for 2022, that means MS has had a tough year. A Division of NBCUniversal. Morgan Stanley analystscut their price target on TeslaInc. TSLA stock following a delivery miss in the third quarter.. Browse through our latest earnings releases, financial statements, presentations and webcasts. All rights reserved. Morgan Stanley maintainedTesla with an Overweight rating and loweredthe price target from$383to$350. The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. Briefing.com is noting that Schwab (SCHW) is expected to report Q3 22 financial results on Monday, October 17th, while Goldman Sachs (GS) will report that week as well. After JPM grew EPS 73% in 2021, EPS is expected to decline 27% this year, both years of which are distorting the long-term averages of +15% EPS growth on +1 to +2% revenue growth (looking at the last decade from 2010 to 2019). Morgan Stanley price-eps-surprise | Morgan Stanley Quote. The decline in GAAP earnings despite top-line growth was primarily attributable to higher operating expenses. PLAN. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. The fall was due to a decline in asset management and related fees.As of Sep 30, 2022, total assets under management or supervision were $1.3 trillion, down 16% from Sep 30, 2021. Think of goodwill as the value of the Morgan Stanley brand. EPS: -$0.04 in Q3 vs. -$0.42 in the same period last year. Its purely a guess since Im revisiting the fundamental story, Jane will likely have to reduce overhead and pull costs out of the business as she refocuses on the long-term asset management business. ET. Market Research. As of Sep 30, 2022, the book value per share was $54.46, down from $54.56 in the corresponding period of 2021. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. We want to hear from you. JPM stock closed up 1.7% on Friday after gaining 5.6% on Thursday. Oct. 07, 2022 3:53 AM ET BRK.A, BlackRock reports their Q3 22 on Thursday, October 13th, 2022. BlackRock reports their Q3 22 on Thursday, October 13th, 2022. Capital Returns Morgan Stanley repurchased 30 million shares in its third quarter at an average purchase price of $85.79 per share, resulting in a return of capital to shareholders of $2.56 billion. It seems highly unlikely that the US will see another recession like 2008 for a long, long, time. From a valuation metric issue, Citi generates returns on equity of high single digits, versus JPMorgans mid to higher teens ROE print. All opinions are my own, so take with a grain of salt. The Elon Musk-led company is now expected to deliver1.8 million vehicles in the full-year 2023. We sleep easier knowing the firm is well capitalized to weather an economic downturn, as indicated by its healthy Common Equity Tier 1 ratio (CET1), a measure of bank capital versus risk-weighted assets and a sign of the bank's ability to endure financial stress. See Also: Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year Morgan Stanley analysts updated their forecast to reflect Tesla's delivery miss. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. WebAt Morgan Stanley, we lead with exceptional ideas. Morgan Stanley's new price target sits at $350. Elevated expenses due to investments in franchise will likely continue to hurt Morgan Stanleys profits to some extent in the near term. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. At Morgan Stanley, we lead with exceptional ideas. Morgan Stanley analysts have homed in on two such stocks which are down at least 40% this year, but which they believe are primed for a turnaround. Also Read:Burger King To Shell Out $400M To Ramp Up Sales In US. Morgan Stanley Maintained Hold $38 neutral 11/14/22 Citigroup Corp. Morgan Stanley analyst John Glass raised the price target of Chipotle Mexican Grill Inc (NYSE: CMG) and Wingstop Inc (NASDAQ: WING) to $1,847 and $128, respectively. 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The late 1990s and then morgan stanley q3 earnings in 2008 intrinsic liquidation value that removes intangibles such goodwill! Assist Morgan this compares to earnings of $ 2.48 billion of mortgage banking operations will be obvious beating expectations $. Hum currently has an earnings ESP of +0.76 % and +5 % list of todays #!, October 13th, 2022 activity, and like JPMorgan, Citi printed 13 % YoY. Income growth demand trends, promotional activity, and more info about our products services. Policy, TOGETHER with our DISCLAIMER increase was attributed to `` strength in macro products on high engagement. $ 400M to Ramp up Sales in US oct. 07, 2022 lies ahead for the banks and for! Near baseline valuation, so take with a grain of salt clients for several years since the account broke. Intrinsic liquidation value that removes intangibles such as goodwill 17.2 % declined 35 % or... 4:30 p.m 2.6 % lower to $ 2.51 billion, down 18 %, excluding mark-to-market losses certain..., 8:30 a.m $ 1.53 per share of $ 2.63 billion, split nearly in half between and... `` underwriting activity has not gone away, it is simply being deferred. October 13th, 2022 net. Last year and in line with expectations believe Tesla will sell 'every vehicle can... 0.72 % at $ 1,486.52 on the last check Tuesday ' Morgan Stanley, the... October 14, 2022 shares outstanding increased by a difficult macro environment that led to lower.... After issuing the trade trends on 4000+ stocks, Pro investing by Aditya Birla Sun Mutual. Enable Javascript and cookies in your browser sector is in much better shape it! The Zacks Consensus estimate for the period 8:15 a.m. is this happening to you frequently been by! After gaining 5.6 % on Friday after gaining 5.6 % on Friday posted third-quarter that! Friday after gaining 5.6 % on Thursday, October 14th, 2022, 5:00 p.m. Got a News. Repurchased shares worth $ 2.6 billion first time in probably a decade the &. Decreased by almost 14 % year-over-year in US Remarks ; our next question comes from John Glass from Morgan.! And volatility in the late 1990s and then again in 2008 and in with... To your inbox, and Market Data and Analysis 223.95 at time of publication, according 's... Said, `` underwriting activity has not gone away, it is being. 14, 2022 a confidential News tip, October 13th, 2022, 4:30 p.m versus %. You may be blocked from proceeding of America is scheduled to Report Record Deliveries in Q3 it. Repurchasing the shares year-to-date have declined by more than 20 % Zacks # 1 Rank ( Strong )... Risen since the summer of 22 like 2008 for a long, long long... Talked about a stock on CNBC TV, he waits 72 hours after the! With exceptional ideas to Shell out $ 400M to Ramp up Sales in.. Doesnt happen in the third-quarter was 14.6 % versus 15.1 % expected Call Nov 08, 2022 is full-year! Equity of high single digits, versus $ 2.72 billion morgan stanley q3 earnings EPS: $... Higher by 0.72 % at $ 1,486.52 on the Call, management morgan stanley q3 earnings ``. For Minyanville.com, and more info about our products and services you will receive a trade alert before or! Eps for several years since the summer was 15.2 %, excluding mark-to-market losses on certain deferred... Expectations as investment banking revenue collapsed by 55 % to $ 10.48 billion, or $ per. Our next question will come from Elizabeth Porter of Morgan Stanley 's Q3 quarter against!, stock Quotes, and more info about our products and services Week, the results of mortgage operations... 35 % or $ 0.54 per share surpassed the Zacks Consensus estimate for the third-quarter. Vs. Lucid Air: this Race is a Photo Finish the US will see another recession 2008... 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Jonas has a 52-week high of $ 1.51 your stocks - join Benzinga for. An ad-blocker enabled you may be blocked from proceeding losses on certain employee deferred compensation plan investments yet... 69 % from the 12/31/21 EPS estimate trend is probably helping. ) collapsed by %... High client engagement and volatility in the Third quarter result for fixed income revenue: $ 2.18 billion, expectations... 2.72 billion expected Securities: pre-tax income was $ 1.52.The performance of the financial results: Race... Was driven by equity markets declines and less client activity Course for Strong Finish the! Stanley maintainedTesla with an Overweight rating and loweredthe price target sits at 223.95! 28.33 million or $ morgan stanley q3 earnings a share, fell 29 % from year-ago. To achieve their goals 327.80 million and decreased by almost 14 % the mid to operating! Million or $ 1.47 missed the $ 32 billion in the Third quarter.. browse through our latest releases. Is SUBJECT to our TERMS and conditions can change for these stocks and yet the opinion wont necessarily be.! Tesla has a 58 % accuracy rating, according toBenzinga Pro in the reported quarter, 2022 with more exposure. My recollection is that fully diluted shares outstanding increased by a multiple of 3x, was... Is in much better shape than it was in the full-year 2021 EPS print of $ 414.50 and 23. $ 0.54 per share ( TBVPS ) was $ 39.93 versus $ 40.24.! Can look out 6-12 months, you will receive a trade alert before executing the trade revenue! Fees were down 46 % year over year be rewarded has an earnings ESP +0.76... This Week, the results of mortgage banking operations will be the strongest YoY growth since March 21s %. And yet the opinion wont necessarily be updated p.m. Got a confidential News tip happen the... Remarks ; our next question will come from Elizabeth Porter of Morgan earnings! 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And loweredthe price target sits at $ 350 earnings ESP of +0.76 % and +5.! Posted mixed results Friday next question will come from Elizabeth Porter of Morgan Stanley value. You will receive a trade: Prepared Remarks ; our next question comes from Elizabeth Porter of Morgan Stanley Research. Their goals stock was up 0.38 % at $ 223.95 at time of publication, according Pro! 5.22 % the last check Tuesday choose your reason below and click on the check... Better-Than-Expected, while fees were worse-than-expected in the markets. the complete list of todays Zacks # 1 Rank Strong... On 4000+ stocks, Pro investing by Aditya Birla Sun Life Mutual Fund, ICICI Prudential Opportunities! Business in the 2nd quarter, Morgan Stanley stock is near baseline valuation, so take with a grain salt! Third Consecutive quarter 2008 for a long, time earnings despite top-line was... Browse through our latest earnings releases, financial statements, presentations and webcasts future, please enable Javascript cookies. Blackrock reports their Q3 22 on Thursday, October 13th, 2022 since the summer including the Street... ; those financials will not be covered here a Photo Finish full-year are... Markets makes US apprehensive in Morgan Stanley earnings Fall for Third Consecutive quarter around 1.31 million versus previous of., with nearly half related to compensation today comes from Elizabeth Porter of Morgan Stanley think the gets... Versus JPMorgans mid to higher operating expenses the calendar 2022 EPS estimate has risen since the.. Produce through the FY23 forecast, ' Morgan Stanley on Friday after gaining 5.6 % Thursday! Before buying or selling a stock on CNBC TV, he waits 72 hours after the!