Morgan Stanley (NYSE:MS) financial products and services provider, is expected to report third quarter earnings results, before market open, on Thursday 15th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.28 per share.
Looking ahead, the full year income are expected at $ 5.26 per share on the revenues of $ 43563.70 million.
Previous Quarter Performance
Morgan Stanley reported income for the second quarter of $ 2.04 per share, from the revenue of $ 13,414.00 million. Wall street analysts are predicting, MS to report 2Q20 income of $ 1.12 per share from revenue of $ 10310.00 million. The bottom line results beat street analysts by $ 0.92 or 82.14 percent, at the same time, top line results outshined analysts by $ 3,104.00 million or 30.11 percent.
Stock Performance
Shares of Morgan Stanley traded up $ 0.21 or 0.42 percent on Wednesday, reaching $ 50.65 with volume of 20.06 million shares. Morgan Stanley has traded high as $ 51.39 and has cracked $ 50.38 on the downward trend
According to the previous trading day, closing price of $ 50.65, representing a 85.44 % increase from the 52 week low of $ 27.20 and a 12.38 % decrease over the 52 week high of $ 57.57.
The company has a market capital of $ 88.56 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Stock Dividend Announcement
On July 16, 2020, the board of directors authorized quarterly dividend of $ 0.35 per share to holders of record as of the close of business on July 31, 2020, with payment date of August 14, 2020 and ex-dividend date on July 30, 2020.
Conference Call
Morgan Stanley will be hosting a conference call at 8:30 AM eastern time on 15th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.morganstanley.com
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance.
