Morgan Stanley tops estimates on stronger-than-expected trading and investment banking (2024)

FAQs

Morgan Stanley tops estimates on stronger-than-expected trading and investment banking? ›

Morgan Stanley said second-quarter profit and revenue topped analysts' estimates on stronger-than-expected trading and investment banking results. Here's what the company reported: Earnings: $1.82 a share vs. $1.65 a share LSEG estimate.

Each company has a different approach and business model. While Goldman Sachs generates most of its revenue from investment banking, Morgan Stanley is less reliant on investment banking and has a more diverse revenue stream. Its largest revenue generator is its Wealth Management business.

Ted Pick, Chief Executive Officer, said, “The Firm delivered another strong quarter in an improving capital markets environment, resulting in first half 2024 revenues of $30.2 billion, EPS of $3.85 and an ROTCE of 18.6%. Total client assets grew to $7.2 trillion on our road to $10+ trillion.

Goldman Sachs is widely known as the most prestigious investment bank on Wall Street. The bank's interns receive phenomenal training, hands-on experience, and the opportunity to rotate across many groups and desks.

The Post could not determine what bonuses at Morgan Stanley were last year, but insiders said they typically range between $70,000 and $100,000.

Morgan Stanley pay FAQs

The average Morgan Stanley hourly pay ranges from approximately $24 per hour (estimate) for a Barista to $242 per hour (estimate) for a Managing Director. Morgan Stanley employees rate the overall compensation and benefits package 3.7/5 stars.

Morgan Stanley is one of the top investment banks in both the U.S. and around the world. They have solidified its position at the top of the bulge bracket group, consistently operating on the largest M&A and IPO transactions.

“Too-big-to-fail Morgan Stanley is apparently also too-big-to-learn. High-risk derivatives gambling in fixed-income, currencies, and commodities compounded by other reckless – if not illegal – conduct caused Morgan Stanley to lose tens of billions of dollars before and during the 2008 financial crisis.

Experts have mixed opinions about Morgan Stanley. While some see potential in the capital markets business and wealth management, others are concerned about the recent unremarkable performance and lack of growth in the wealth management sector.

Is Morgan Stanley a Tier 1 bank? ›

The top three–Morgan Stanley, Goldman Sachs, and JP Morgan–have separated from the crowd and typically perform better than the best. Now, it is more common to sort bulge bracket banks into three different tiers. Tier 1 includes the "big three" listed above. Tier 2 includes Credit Suisse, Barclays, and Deutsche Bank.

With a market cap of $569 billion, JPMorgan Chase is the world's largest bank by market cap and ranked 13th among all companies globally. Meanwhile, Morgan Stanley's market cap of $156 billion makes it the 85th largest company in the world as of early June 2024.

Analysts may also provide revenue estimates, which predict the amount of money a company is expected to generate over a specific period. Another type of analyst estimate is the price target. Price targets represent the expected price of a security over a specific period, usually 12 months.

Based on short-term price targets offered by 20 analysts, the average price target for Morgan Stanley comes to $106.85. The forecasts range from a low of $91.00 to a high of $121.00. The average price target represents an increase of 10.56% from the last closing price of $96.64.

Based on analysts offering 12 month price targets for QS in the last 3 months. The average price target is $6.8 with a high estimate of $10 and a low estimate of $4.

Average Morgan Stanley Equity Research Analyst yearly pay in the United Kingdom is approximately £89,578, which is 35% above the national average. Salary information comes from 12 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.