Morgan Stanley's Q4 Earnings:
📊 $Morgan Stanley(MS.US$ Morgan Stanley's Q4 Earnings: $12.9B Revenue, EPS at $0.85. Full-Year Revenue hits $54.1B with $5.18 EPS. $Goldman Sachs(GS.US$ $PNC Financial Services(PNC.US$
Financial Performance:
➡️ Q4 Revenue: $12.9 billion, a slight increase from $12.7 billion last year, showcasing resilience in diverse market conditions.
➡️ EPS: Declined to $0.85 from $1.26 YOY, reflecting market challenges and increased expenses.
➡️ Full Year Revenue: Rose marginally to $54.1 billion from $53.7 billion, indicating steady growth amidst economic fluctuations.
➡️ Full Year EPS: Decreased to $5.18 from $6.15, impacted by various charges including legal and FDIC assessments.
➡️ Q4 Revenue: $12.9 billion, a slight increase from $12.7 billion last year, showcasing resilience in diverse market conditions.
➡️ EPS: Declined to $0.85 from $1.26 YOY, reflecting market challenges and increased expenses.
➡️ Full Year Revenue: Rose marginally to $54.1 billion from $53.7 billion, indicating steady growth amidst economic fluctuations.
➡️ Full Year EPS: Decreased to $5.18 from $6.15, impacted by various charges including legal and FDIC assessments.
Business Segments:
➡️ Institutional Securities: Full year net revenue of $23.1 billion, affected by lower activity in Investment Banking and reduced client activity in Equity and Fixed Income.
➡️ Wealth Management: Reported a robust $26.3 billion in full year net revenue, benefiting from mark-to-market gains and higher net interest income.
➡️ Investment Management: Maintained steady revenues at $5.4 billion, with AUM growing to $1.5 trillion.
➡️ Institutional Securities: Full year net revenue of $23.1 billion, affected by lower activity in Investment Banking and reduced client activity in Equity and Fixed Income.
➡️ Wealth Management: Reported a robust $26.3 billion in full year net revenue, benefiting from mark-to-market gains and higher net interest income.
➡️ Investment Management: Maintained steady revenues at $5.4 billion, with AUM growing to $1.5 trillion.
Workforce and Expenses:
➡️ Severance Costs: Total year severance expenses were $353 million, reflecting workforce adjustments.
➡️ FDIC Assessment & Legal Charges: Significant charges including $286 million for FDIC assessment and $249 million for legal matters impacted the financials.
Dividend and Share Repurchase:
➡️ Share Repurchases: $5.3 billion worth of shares repurchased in the year, demonstrating confidence in the firm's value.
➡️ Dividends: A quarterly dividend of $0.85 per share announced, maintaining shareholder returns.
CEO Statement:
"Despite mixed market conditions in 2023, our firm maintained solid ROTCE and a clear, consistent business strategy. We remain committed to our long-term financial goals and shareholder value." - Ted Pick, CEO, Morgan Stanley.
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