Morgan Stanley (NYSE: MS) reported a better-than-expected bottom and top line results for the second quarter of 2020. Adjusted EPS of $2.04 and revenue of $13.4 billion, both increased year-over-year and excelled the market’s estimates. Revenue increased 31% in the quarter, fueled by the strong growth in investment banking and trading revenues.
MS stock was trading up about 1% in the pre-market trading session.
“Our decade long business transformation was intended to provide stability during times of serious stress. The second quarter tested the model and we performed exceedingly well, delivering record results,” said CEO James Gorman.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
