Want the latest recommendations from Zacks Investment Research? 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. Please disable your ad-blocker and refresh. ) Expectations: Wall Street forecast a 25.5% drop in earnings to $1. What To Know:Morgan Stanley analyst Adam JonasmaintainedTesla with an Overweight rating on Monday and loweredthe price target from$383to$350, citing continued production headwinds. 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. As referenced above, CET1 capital ratio was 14.8% versus 15% expected. Capital Marketswill be a big drag for JP Morgan, Goldman Sachs, Morgan Stanley and possibly Bank of America. Equity underwriting fees decreased 78% from the prior-year quarter and fixed-income underwriting declined 35%. 4. 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. Full-year deliveries are now expected to come in at around 1.31 million versus previous expectations of 1.37 million. Notably, Wealth Management added $65 billion in net new assets "in one of the most difficult quarters that [Morgan Stanley] had in 15 years," Gorman said. All EPS and revenue data are sourced from IBES data by Refinitiv, and the reporting dates are sourced from Briefing.com. Morgan Stanley (MS) delivered earnings and revenue surprises of 1.32% and 1.16%, respectively, for the quarter ended September 2022. If the bank hits the $32 billion in revenue that will be the strongest YoY growth since March 21s 14%. Common equity Tier 1 capital ratio was 15.2%, down from 17.2%. It seems highly unlikely that the US will see another recession like 2008 for a long, long, time. Humana HUM currently has an Earnings ESP of +0.76% and a Zacks Rank of #2. Our analysts, economists and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets and the worlds economies. Next Friday, October 14th, 2022 is the big day for bank reporting next week. BlackRock reports their Q3 22 on Thursday, October 13th, 2022. 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). Our teams collaborate to assist Morgan 2-Year Watch the replay here: https:// 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. The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. Our estimate for earnings was $1.52.The performance of the investment banking (IB) business was not good. Tesla will sell 'every vehicle it can produce through the FY23 forecast,' Morgan Stanley predicts. Please proceed. Contents: Prepared Remarks; please. The primary headwinds were international pressures (European consumers + more inflation) and FX. 07:55AM: Your Guide to Third-Quarter Bank Earnings. 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. Return on average tangible common shareholders' equity (ROTCE) in the third-quarter was 14.6% versus 15.1% expected. ET. 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. ET. This compares to earnings of $2.04 per share a year ago. Whats not to like is the full-year 2021 EPS print of $15.03, since that print could be peak EPS for several years. 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. Daily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. 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. Also, higher interest rates are expected to aid net interest income growth. The shares year-to-date have declined by more than 20%. Browse through our latest earnings releases, financial statements, presentations and webcasts. (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. While down from the 12/31/21 EPS estimate, the calendar 2022 EPS estimate has risen since the summer. WebMorgan Stanley on Tuesday reduced its employee count by 2% or 1,600 of the bank's 81,567 employees, according to reports. This is an environment where it behooves management to be prudent, but balanced. 2022 CNBC LLC. Shares of the bank have dropped 19% this year through Thursday, holding up better than the 25% decline of the KBW Bank Index. It comes from the line of Craig Hettenbach with Morgan Stanley. Our analysts, economists and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets and the worlds economies. Abbott Laboratories ABT is slated to report third-quarter 2022 results on Oct 19, before market open.. Q3 2022 Earnings Call Nov 02, 2022, 8:15 a.m. 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. 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. Financial Sector Earnings Next Week: JPMorgan, Morgan Stanley, Wells Fargo And Citigroup. It comes from the line of Craig Hettenbach with Morgan Stanley. Today, you can download 7 Best Stocks for the Next 30 Days. Total expenses for the segment came in at $1.05 billion, split nearly in half between compensation and non-compensation. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Morgan Stanley price-eps-surprise | Morgan Stanley Quote. ET. Fixed-income underwriting was hit by a difficult macro environment that led to lower issuances. Net revenues were $13 billion, down 12% from the prior-year quarter. 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. The stock hasnt been owned by clients for several years since the account scandal broke. Stock in Morgan Stanley fell by 4% following the financial results. Q3 2022 Earnings Call Nov 08, 2022, 5:00 p.m. JPM is trading at 9x the next 3 years avg EPS and revenue growth of 0% and +5%. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. 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. 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. 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. Also Read:Burger King To Shell Out $400M To Ramp Up Sales In US. 11. Why follow tips? Other revenue: $111 million. 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. Financial Sector Earnings Next Week: JPMorgan, Morgan Stanley, Wells Fargo And Citigroup. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Morgan Stanley (MS) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.51 per share. 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. It's down nearly 34.6% year-to-date. 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. Glass slashed the price target ofDomino's Pizza Inc(NYSE: DPZ),McDonald's Corp(NYSE: MCD),Yum! 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. Podcast. Sign up for free newsletters and get more CNBC delivered to your inbox. Total expenses came in at $4.17 billion, with nearly half related to compensation. 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. BlackRock reports their Q3 22 on Thursday, October 13th, 2022. We want to hear from you. 2022 Benzinga.com. 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. It comes from the line of Craig Hettenbach with Morgan Stanley. Got a confidential news tip? This is after 5 years 2017 to 2021 where EPS averaged +23% a year. 04:30PM: Morgan Stanley Earnings Fall for Third Consecutive Quarter. Expectations: Wall Street forecast a 25.5% drop in earnings to $1. 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. Please. 15 Investment Management net revenue of $1.17 billion for Q3 missed the $1.34 billion consensus. 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. 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. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. Stock in Morgan Stanley fell by 4% following the financial results. Morgan Stanley price-eps-surprise | Morgan Stanley Quote. The decline in GAAP earnings despite top-line growth was primarily attributable to higher operating expenses. Is this happening to you frequently? NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. The increase was attributed to "strength in macro products on high client engagement and volatility in the markets." 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. No positions are owned currently. Choose your reason below and click on the Report button. Each of the banks four main sectors, i.e. Data is a real-time snapshot *Data is delayed at least 15 minutes. JPM stock closed up 1.7% on Friday after gaining 5.6% on Thursday. 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. 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: Segment results Institutional Securities net revenue of $5.82 billion for Q3 missed expectations of nearly $6 billion. Elevated expenses due to investments in franchise will likely continue to hurt Morgan Stanleys profits to some extent in the near term. 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. MCKs earnings yield of 6.94% compares favorably with the industrys 5.22%. The bottom line reflects a decline of 25% from the year-ago quarter. Financial Sector Earnings Next Week: JPMorgan, Morgan Stanley, Wells Fargo And Citigroup. Morgan Stanley Schedules Quarterly Investor Conference Call 5. Currently, Morgan Stanley carries a Zacks Rank #3 (Hold). TBVPS isa measure of intrinsic liquidation value that removes intangibles such as goodwill. Morgan Stanley Schedules Quarterly Investor Conference Call 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. The stability in the EPS estimate trend is probably helping.). report before the opening bell. The decline in GAAP earnings despite top-line growth was primarily attributable to higher operating expenses. 2022 Benzinga.com. Performance-based income and other: a net loss of $101 million, primarily driven by the markdown of a single underlying public investment in one of the bank's Asia private equity funds. Investor Relations. The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. The next question will come from Elizabeth Porter of Morgan Stanley. 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. WebGet the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more Across all our businesses, we offer keen insight on today's most critical issues. 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. Jonas has a 58%accuracy rating, according toBenzinga's analyst ratings tool. Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. Data is a real-time snapshot *Data is delayed at least 15 minutes. To read this article on Zacks.com click here. 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 ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . EPS and revenue trend estimate revisions: MS estimate trends continue to be revised lower. Watch the replay here: https:// mgstn.ly/3hnivjj. 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.. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED. 4. 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There is less than a 5% probability in my opinion that the next recession is a repeat of 2008. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 For example, the spread between what you are paid on the deposits in your savings account and what the bank charges for loans. Contents: Prepared Remarks; Our next question comes from Elizabeth Porter of Morgan Stanley. Lower is better on this front. Club holding Morgan Stanley (MS) reported weaker-than-expected results for its third-quarter before the opening bell Thursday. Downgraded to Hold Q3 2023 Earnings Release: 10/17/2023: Earnings Report - Q4 2023 Earnings Release: 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. 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. PLAN, Yearly Days Trial Heres a 12-year performance chart of Citi versus the SP 500 since 1/1/2010: Since 1/1/2010, Citi has underperformed the SP 500 by over 800 bps a year. Zacks Investment Research, Morgan Stanley (MS) : Free Stock Analysis Report, Fifth Third Bancorp (FITB) : Free Stock Analysis Report, Citizens Financial Group, Inc. (CFG) : Free Stock Analysis Report. ET. WebJPMorgan, Citi Q3 earnings delight investors, but Morgan Stanley disappoints. Morgan Stanleys asset and wealth management operation is now almost 50% of the business by revenue and pre-tax income, thus MS should be inherently more stable moving forward, while JPMs asset and wealth management business is 14% and 12% of total net revenue and net income and probably needs to grow as a percentage of the business to help reduce EPS and revenue volatility. "The premium over the historical average reflects greater confidence in the medium-term growth cycle in India," said the brokerage in the note. 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. JPM declared their $1 per share dividend in late September 22, but the dividend wasnt increased. This compares to earnings of $0.27 per share a year ago. Zacks. The Wall Street Journal. The top line marginally missed the Zacks Consensus Estimate of $13.1 billion. Download The Economic Times News App to get Daily Market Updates & Live Business News. In normal markets and a normal economy, JPM should trade closer to $140 $150 per share in my opinion particularly with a 14% return-on-tangible-common-equity (ROTCE) for Q2 22, so the stock is trading at a 25% discount to what is thought to be fair value. Think of goodwill as the value of the Morgan Stanley brand. WebMorgan Stanley (MS) Q3 Earnings Beat Estimates. ET. Market Classroom. Morgan Stanley's Q3 quarter disappointed against expectations and peer JPMorgan. Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. Elizabeth Porter-- Morgan Stanley -- Analyst. 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. In the last reported quarter, the company delivered an earnings surprise of 31.19%. Morgan Stanley maintainedTesla with an Overweight rating and loweredthe price target from$383to$350. It's down nearly 34.6% year-to-date. 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. 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. 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: TSLA Price Action: Tesla has a 52-week high of $414.50 and a 52-week low of $206.86. As of Sep 30, 2022, the book value per share was $54.46, down from $54.56 in the corresponding period of 2021. Note how revenue revision trends are stable to higher. 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. The Wall Street Journal. Other factors to watch are pricingm demand trends, promotional activity, and input costs. Please proceed. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. Morgan Stanley Earnings. Excluding items, NuVasive, Inc. reported adjusted earnings of $28.33 million or $0.54 per share for the period. All Rights Reserved. Your line is open. 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. The Elon Musk-led company is now expected to deliver1.8 million vehicles in the full-year 2023. 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. 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. The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. All opinions are my own, so take with a grain of salt. The S&P 500's Financial sector has also given about 20% during 2022. Excluding items, NuVasive, Inc. reported adjusted earnings of $28.33 million or $0.54 per share for the period. The S&P 500's Financial sector has also given about 20% during 2022. Like JPM there has been a softening in revision severity since the summer of 22. Asset management and related fees: $1.27 billion, down 14%, as a result of lower assets under management (AUMs). Oct. 07, 2022 3:53 AM ET BRK.A, BlackRock reports their Q3 22 on Thursday, October 13th, 2022. 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. 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. 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). See Also:Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Bottom line It was not the best quarter. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. 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. Morgan Stanleys MS third-quarter 2022 adjusted earnings of $1.53 per share surpassed the Zacks Consensus Estimate of $1.51. Choose your winners rationally in 3 simple steps! 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. Try the tool that will help you invest smarter, faster, and better. As noted in Friday's "Morning Meeting," there's no reason for the Club to rush to buy more shares just yet. 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? Transactional revenue: $616 million, down 18%, excluding mark-to-market losses on certain employee deferred compensation plan investments. 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. 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. Market Research. Revenue of $12.99 billion came up short of the $13.3 billion consensus. Elizabeth Porter-- Morgan Stanley -- Analyst. Morgan Stanleyanalyst John Glass raised the price target ofChipotle Mexican Grill Inc(NYSE: CMG) andWingstop Inc(NASDAQ: WING) to$1,847and$128, respectively. 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. ICICI Prudential India Opportunities Fund - Grow.. Morgan stanley sees sensex hitting 68,500. Humana HUM currently has an Earnings ESP of +0.76% and a Zacks Rank of #2. 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: Net revenues were $1.2 billion, down 20%. 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. Q3 2022 Earnings Call Nov 10, 2022, 8:30 a.m. 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. Expense efficiency ratio isa measure of efficiency that is calculated as total non-interest expenses divided by net revenues. Morgan Stanley price-consensus-eps-surprise-chart | Morgan Stanley Quote. 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). The stock was up 0.38% at $223.95 at time of publication, according toBenzinga Pro. Morgan Stanley Earnings. 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: 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. This compares to earnings of $0.27 per share a year ago. Our estimate for revenues was $13.12 billion.Net interest income was $2.5 billion, up 22% from the year-ago quarter. This was the highest third quarter result for fixed income in over a decade. Banking industry definitions: ROTCE is a measure of annualized earnings applicable to Morgan Stanley common shareholders as a percentage of average tangible common equity. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. Downgraded to Hold Q3 2023 Earnings Release: 10/17/2023: Earnings Report - Q4 2023 Earnings Release: 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%. 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 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. Price Action:CMG shares are trading higher by 0.72% at $1,486.52 on the last check Tuesday. Oct. 07, 2022 3:53 AM ET BRK.A, BlackRock reports their Q3 22 on Thursday, October 13th, 2022. Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Net interest income (NII) came in better-than-expected, while fees were worse-than-expected in the 2nd quarter, 2022. 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 Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. WebAt Morgan Stanley, we lead with exceptional ideas. 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. Experience Your Economic Times Newspaper, The Digital Way! Morgan Stanleys MS third-quarter 2022 adjusted earnings of $1.53 per share surpassed the Zacks Consensus Estimate of $1.51. The next question will come from Elizabeth Porter of Morgan Stanley.
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