MS Earnings Prediction
The chart below shows how MS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MS sees a -3.60% change in stock price 10 days leading up to the earnings, and a -0.51% change 10 days following the report. On the earnings day itself, the stock moves by +1.78%. This data can give you a slight idea of what to expect for the next quarter's release.
MS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
25.93B
7.25%
-1.25%
Gross Margin
--
--
--
Operating Margin
19.08%
68.85%
20.38%
Net Margin
14.36%
125.43%
16.84%
EPS
2.22
161.18%
18.09%
No Data Available
MS Earnings Analysis
Morgan Stanley Corporation (MS.N) Earnings Conference Call
Positive
Record Revenue Performance: Revenues for 2024 totaled $61.8 billion, with fourth quarter revenues reaching a record $16.2 billion, showcasing strong financial performance throughout the year.
Record Earnings per Share: Earnings per share (EPS) for the full year was $7.95, with fourth quarter EPS at $2.22, marking the highest earnings per share in over 15 years.
Wealth Management Revenue Record: Wealth Management achieved record revenues of $28.4 billion in 2024, with a pre-tax profit of $7.7 billion and a reported margin of 27.2%.
CET1 Capital Accretion: The firm accreted over $5.5 billion of common equity Tier 1 capital in 2024, ending the year with a CET1 ratio of 15.9%, reflecting strong financial strength and capital management.
Shareholder Capital Return: Morgan Stanley returned $3.3 billion to shareholders through share repurchases in 2024, demonstrating a commitment to returning capital while maintaining a robust capital position.
Negative
Operational Efficiency Decline: In 2024, Morgan Stanley reported a full-year efficiency ratio of 71.1%, indicating a decline in operational efficiency compared to previous years, which may hinder future profitability.
Real Estate Charges Impact: Real estate charges of $62 million in 2024 negatively impacted full-year EPS by $0.03, reflecting ongoing costs associated with consolidation efforts that may not yield immediate benefits.
Investment Banking Revenue Trends: Investment banking revenues for 2024 totaled $6.2 billion, which, despite growth, indicates a reliance on market conditions that could be volatile and unpredictable moving forward.
Net Charge-Offs Analysis: The firm experienced net charge-offs of $210 million for the year, with $62 million in the fourth quarter primarily related to commercial real estate loans, highlighting potential risks in the loan portfolio.
Wealth Management Growth Shortfall: Despite a strong year, the firm acknowledged that the growth in wealth management's net new assets of $252 billion represents only approximately 5% annual growth, falling short of the targeted growth rate.
