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

Market news

16 July 2020

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

Morgan Stanley (MS) reported Q2 FY 2020 earnings of $1.96 per share (versus $1.23 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.13 per share.

The company’s quarterly revenues amounted to $13.414 bln (+30.9% y/y), beating analysts’ consensus estimate of $10.392 bln.

MS rose to $51.80 (+0.88%) in pre-market trading.

EUR/CHF breaks strongly higher above the 200-DMA at 1.0736 - Credit Suisse

USD/JPY sticks to the mixed outlook so far - UOB

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