Morgan Stanley Shines in Q3 2024 Earnings Report
Strong Revenues and Net Income Boost Confidence
Good morning, and welcome to Morgan Stanley’s Q3 2024 Earnings Call! Today, we’re thrilled to share our outstanding performance, which showcases the firm’s ability to generate consistent quarterly results.
A Stellar Quarter: By the Numbers
Morgan Stanley delivered impressive revenues of $15.4 billion, accompanied by a net income of $3 billion and a remarkable 17.5% return on tangible equity. These figures demonstrate top-line growth across our businesses, underscoring our operating leverage.
Consistency is Key: Year-to-Date Performance
Our year-to-date results highlight the firm’s ability to deliver consistent quarterly performance. With revenues reaching $15 billion, sequential EPS of $2.02, $1.82, and $1.88, and year-to-date returns on tangible equity of 18%, we’re confident in our strategic direction.
Advancing Toward Strategic Goals
Across the firm, we’ve made significant progress toward our strategic objectives while continuing to invest in growth initiatives. Our asset aggregation strategy is paying off, leveraging our unique strengths to drive success.
Investing in Growth: A Commitment to Excellence
As we move forward, we remain committed to investing in growth initiatives that will propel Morgan Stanley to even greater heights. Our focus on innovation, client-centricity, and operational efficiency will continue to drive our success.
A Bright Future Ahead
We’re proud of our achievements in Q3 2024, and we’re excited about the opportunities that lie ahead. Thank you for joining us on this journey. We look forward to continuing to deliver exceptional results and creating long-term value for our stakeholders.
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