The company said net revenues for the quarter ended June 30, 2024 were $15.0 billion, up 12% from $13.5 billion a year earlier. Net income applicable to Morgan Stanley was $3.1 billion, and diluted earnings per share were $1.82.

1. 01

   The company said net revenues for the quarter ended June 30, 2024 were $15.0 billion, up 12% from $13.5 billion a year earlier. Net income applicable to Morgan Stanley was $3.1 billion, and diluted earnings per share were $1.82.

2. 02

   Morgan Stanley said net revenues for the first half of 2024 (6 months) were $30.2 billion, up 8% from $28.0 billion a year earlier. Net income applicable to Morgan Stanley was $6.5 billion, up 26%, and diluted earnings per share were $3.85.

3. 03

   The company said net revenues by segment for Q2 were $6,982 million for Institutional Securities, up 23%; $6,792 million for Wealth Management, up 2%; and $1,386 million for Investment Management, up 8%.

4. 04

   The company said its provision for credit losses on loans and lending commitments for Q2 was $76 million, primarily related to certain specific commercial real estate loans, mainly in the office sector. The provision in the prior year quarter was $161 million.

Key figures

Quarter ended June 30, 2024

Revenue

$15.0B

Net income

$3.1B

EPS

$1.82

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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