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LONDON, UK / ACCESSWIRE / January 23, 2018 / Active-Investors.com has just released a free earnings report on Morgan Stanley (NYSE: MS). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MS. The Company posted its financial results on January 18, 2018, for the fourth quarter of the fiscal year 2017. The leading global financial services firm's revenue and adjusted EPS surpassed analysts' expectations, while its Wealth Management segment reported record revenues during the fourth quarter of 2017. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Morgan Stanley most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For the three months ended December 31, 2017, Morgan Stanley's net revenues increased 5% to $9.50 billion from $9.02 billion in Q4 FY16. The Company's net revenue numbers surpassed analysts' expectations of $9.19 billion.
During Q4 FY17, Morgan Stanley's total interest income surged 38% to $2.59 billion from $1.87 billion in Q4 FY16. For the reported quarter, the Company's total interest expenses increased 62% to $1.59 billion from $985 million in Q4 FY16. For the reported quarter, the Company's net interest income increased 13% to $995 million from $883 million in Q4 FY16.
During Q4 FY17, Morgan Stanley's total non-interest revenues increased 5% to $8.51 billion from $8.14 billion in Q4 FY16. For the reported quarter, the Company's compensation and benefits expenses increased 5% to $4.28 billion from $4.08 billion in Q4 FY16. For the reported quarter, Morgan Stanley's occupancy and equipment expenses increased 9% to $339 million from $311 million in Q4 FY16. For the reported quarter, the Company's total non-interest expenses increased 4% to $7.03 billion from $6.78 billion in Q4 FY16.
During Q4 FY17, Morgan Stanley's earnings before tax (EBT) increased 10% to $2.47 billion from $2.25 billion in the same period of last year. For the reported quarter, the Company's EBT margin increased 110 basis points to 26% of revenue from 24.9% of revenue in Q4 FY16.
For the reported quarter, Morgan Stanley's net income totaled $686 million from $1.67 billion in Q4 FY16. During Q4 FY17, the Company's diluted earnings per share (EPS) came in at $0.29 from $0.81 in the comparable period of last year. Morgan Stanley's results for the reported quarter included a net discrete tax provision of $990 million, or a loss of $0.55 per diluted share, comprised of an approximate $1.2 billion net discrete tax provision as a result of the enactment of the Tax Cuts and Jobs Act, partially offset by an approximate $168 million net discrete tax benefit.
Excluding net discrete tax items, the net income applicable to Morgan Stanley was $1.68 billion, or $0.84 per diluted share, compared to a net income of $1.53 billion, or $0.74 per diluted share, for the corresponding period a year ago. The adjusted diluted EPS surpassed analysts' expectations of $0.77.
Segment Details
Institutional Securities - During Q4 FY17, the Company's Institutional Securities segment's net revenue decreased 2% to $4.52 billion from $4.61 billion in the same period of last year. For the reported quarter, the segment's EBT decreased 7% to $1.24 billion from $1.33 billion in Q4 FY16.
Wealth Management - During Q4 FY17, the Company's Wealth Management segment's net revenue increased 10% to $4.41 billion from $3.99 billion in the comparable period of last year. For the reported quarter, the segment's EBT increased 29% to $1.15 billion from $891 million in Q4 FY16.
Investment Management - During Q4 FY17, the Company's Investment Management segment's net revenue increased 27% to $637 million from $500 million in the corresponding period of last year. For the reported quarter, the segment's EBT increased 186% to $80 million from $28 million in Q4 FY16.
Balance Sheet
During Q4 FY17, Morgan Stanley's book value per share was $38.54 compared to $36.99 in the same period of last year. For the reported quarter, the Company's tangible book value per share was $33.48 compared to $31.98 in the fourth quarter of 2016.
During Q4 FY17, the Company repurchased 25 million shares for $1.25 billion.
On January 18, 2018, the Company's Board of Directors declared a quarterly dividend of $0.25 per share, payable on February 15, 2018, to common shareholders of record as on January 31, 2018.
Stock Performance Snapshot
January 22, 2018 - At Monday's closing bell, Morgan Stanley's stock marginally dropped 0.17%, ending the trading session at $57.36.
Volume traded for the day: 16.79 million shares, which was above the 3-month average volume of 7.91 million shares.
Stock performance in the last month – up 8.37%; previous three-month period – up 15.20%; past twelve-month period – up 34.68%; and year-to-date – up 9.32%
After yesterday's close, Morgan Stanley's market cap was at $100.78 billion.
Price to Earnings (P/E) ratio was at 18.53.
The stock has a dividend yield of 1.74%.
The stock is part of the Financial sector, categorized under the Investment Brokerage - National industry. This sector was up 0.8% at the end of the session.
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