Funding banking big Morgan Stanley (NYSE: MS) on Wednesday reported increased revenues and internet earnings for the second quarter of fiscal 2025.
The corporate reported internet revenues of $16.8 billion for the second quarter, increased than the $15.0 billion income it generated within the corresponding quarter of FY24. The expansion displays the energy of the financial institution’s Built-in Agency, a strategic method designed to enhance coordination and industrial outcomes throughout enterprise segments, with contributions throughout its enterprise segments towards a combined market backdrop. The newest quantity additionally beat Wall Avenue’s estimates.
Internet earnings relevant to Morgan Stanley was $3.5 billion or $2.13 per share within the second quarter, in comparison with $3.08 billion or $1.82 per share in the identical interval a yr in the past. Earnings topped expectations. The corporate delivered an ROTCE of 18.2% within the second quarter and 20.6% for the primary half of FY25.
“We introduced a rise of our quarterly widespread inventory dividend to $1.00 per share with flexibility to deploy incremental capital. The administration workforce is executing throughout the Built-in Agency, performing as a trusted advisor to purchasers and driving sturdy progress and long-term returns for our shareholders,” Morgan Stanley’s CEO Ted Choose mentioned.
