Morgan Stanley (MS) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. MS said it had a profit of $0.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.63. The company posted revenue of $8909.00 million in the period, compared to analysts expectations of $8160.32 million. MS’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Morgan Stanley opened for trading at $32.24 and hit $32.79 on the upside on Friday, eventually ending the session at $32.07, with a gain of 1.07% or 0.34 points. The heightened volatility saw the trading volume jump to 1,37,34,116 shares. Company has a market cap of $61,312 M.
In a different news, on Sep 1, 2016, Paul C Wirth (Deputy Chief Financial Officer) sold 18,929 shares at $31.70 per share price. According to the SEC, on Aug 18, 2016, Keishi Hotsuki (Chief Risk Officer) sold 246,452 shares at $30.26 per share price. On Aug 4, 2016, Donald T Nicolaisen (director) sold 3,302 shares at $27.88 per share price, according to the Form-4 filing with the securities and exchange commission.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates the Company provides a variety of products and financial services to a group of clients and customers including corporations governments financial institutions and individuals. The Company’s operating segments include Institutional Securities Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides financial advisory and capital-raising services to a group of corporate and other institutional clients. Wealth Management business segment provides financial services to clients through a network of 16076 global representatives in 622 locations. Investment Management business segment consists of Traditional Asset Management Alternative Investments Merchant Banking and Real Estate Investing activities and offers clients an array of equity fixed income alternative investments real estate and merchant banking strategies.