Company News: Morgan Stanley (MS) quarterly results beat analysts’ estimates

Market news

18 July 2018

Company News: Morgan Stanley (MS) quarterly results beat analysts’ estimates

Morgan Stanley (MS) reported Q2 FY 2018 earnings of $1.30 per share (versus $0.87 in Q2 FY 2017), beating analysts' consensus estimate of $1.10.

The company's quarterly revenues amounted to $10.610 bln (+11.6% y/y), beating analysts' consensus estimate of $10.052 bln.

The company also declared an increase in quarterly dividend to $0.30 per share (from $0.25 per share) and a share repurchase of up to $4.7 bln of common stock beginning in the third quarter of 2018 through the end of the second quarter of 2019.

MS rose to $50.60 (+2.89%) in pre-market trading.

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