Individuals stroll previous Morgan Stanley international headquarters in Manhattan on March 20, 2025 in New York Metropolis.
Spencer Platt | Getty Photos
Morgan Stanley on Thursday reported fourth-quarter outcomes that exceeded Wall Avenue expectations on the again of sturdy income from wealth administration.
This is what the corporate reported in contrast with what Wall Avenue analysts surveyed by LSEG had been anticipating:
- Earnings per share: $2.68 vs. $2.44 anticipated
- Income: $17.89 billion vs. $17.77 billion anticipated
Fourth-quarter internet revenue rose to $4.40 billion, or $2.68 per share, from $3.71 billion, or $2.22 per share, a 12 months in the past. Income elevated to $17.89 billion from $16.22 billion a 12 months in the past.
The financial institution inventory jumped about 6% on Thursday following the report.
The wealth administration unit posted $8.4 billion in internet income in the latest quarter, up from $7.5 billion a 12 months earlier. For the complete 12 months, the division generated a document $31.8 billion in internet income.
Complete shopper property within the wealth and funding administration enterprise climbed to $9.3 trillion, fueled by greater than $350 billion in internet new property.
“Morgan Stanley delivered excellent efficiency in 2025,” Ted Choose, the financial institution’s CEO and chairman, mentioned in a press release. “Our efficiency displays multi-year investments which have contributed to progress and momentum throughout the Built-in Agency.”
Funding banking was additionally a standout for the agency. Internet income for the phase jumped 47% to $2.41 billion from $1.64 billion a 12 months earlier, pushed by stronger advisory charges as accomplished M&A exercise elevated throughout all areas.
The agency purchased again $1.5 billion of its inventory throughout the quarter and $4.6 billion over the complete 12 months underneath its share repurchase program.
Morgan Stanley shares have gained greater than 43% over the previous 12 months.
Different banks have largely posted stable outcomes. JPMorgan Chase topped expectations for fourth-quarter outcomes on sturdy equities and glued revenue buying and selling income. Wells Fargo posted weaker-than-expected income, whereas Financial institution of America and Citigroup beat consensus estimates.