Morgan Stanley (NYSE: MS) reported its second quarter 2023 earnings results today.
Net revenues were $13.5 billion compared to $13.1 billion in the same period a year ago.
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Net income applicable to common shareholders was $2 billion, or $1.24 per share, compared to $2.3 billion, or $1.39 per share, last year.
Both the top and bottom line numbers beat estimates.
The Board of Directors declared a $0.85 quarterly dividend per share, representing an increase of 7.5 cents per share, payable on August 15, 2023 to common shareholders of record on July 31, 2023.
