Whats not to like is the full-year 2021 EPS print of $15.03, since that print could be peak EPS for several years. Net revenues were $5.8 billion, down 22%. Investor Relations. At 68,500, the Sensex will trade at a trailing Price to Earnings (PE) ratio of 25 times, above its 25-year average of 20 times, said Morgan Stanley. Morgan Stanley Maintained Buy $62 gut 07/18/22 Credit Suisse Maintained Buy Q3 2023 Earnings Release: 10/13/2023: Earnings Report - Q4 2023 Earnings Release: 01/17/2024: Pre-tax income was $116 million, falling 69% from the year-ago quarter. Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. MCKs earnings yield of 6.94% compares favorably with the industrys 5.22%. Capital Marketswill be a big drag for JP Morgan, Goldman Sachs, Morgan Stanley and possibly Bank of America. No positions are owned currently. Morgan Stanley analysts have homed in on two such stocks which are down at least 40% this year, but which they believe are primed for a turnaround. 04:30PM: Morgan Stanley Earnings Fall for Third Consecutive Quarter. 5. Net revenues were $13 billion, down 12% from the prior-year quarter. JPM stock closed up 1.7% on Friday after gaining 5.6% on Thursday. Morgan Stanleys MS third-quarter 2022 adjusted earnings of $1.53 per share surpassed the Zacks Consensus Estimate of $1.51. The decline in GAAP earnings despite top-line growth was primarily attributable to higher operating expenses. That assumes a $13 $15 EPS print for the banking giant, which might take another year or two to re-establish. See Also:Tesla Model S Vs. Lucid Air: This Race Is A Photo Finish. Q3 2022 Earnings Call Nov 08, 2022, 5:00 p.m. Equity underwriting fees decreased 78% from the prior-year quarter and fixed-income underwriting declined 35%. Glass said casual dining restaurants (CDR) performed better than Quick Service Restaurants (QSR) in Q3. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. The sector is in much better shape than it was in the late 1990s and then again in 2008. Contents: Prepared Remarks; Our next question today comes from John Glass from Morgan Stanley. Gap (GPS) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. After JPM grew EPS 73% in 2021, EPS is expected to decline 27% this year, both years of which are distorting the long-term averages of +15% EPS growth on +1 to +2% revenue growth (looking at the last decade from 2010 to 2019). Between $70-$75 per share, I do think the stock gets to be too cheap. All rights reserved. Thats a positive for the stock (or should be) coming into the Q3 22 earnings report. However, if you look at 2023, Citi is expected to see EPS decline again in 2023 versus the high EPS print in 2021 of $10.14 per share. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. Contents: Prepared Remarks; Our next question comes from Elizabeth Porter of Morgan Stanley. Today, for Q3 22, JPM consensus is expecting $2.92 in EPS and $32 billion in revenue next week for expected YoY growth of -22% in EPS and +8% in revenue. The emphasis on wealth management and asset management since 2008 is helping the stability of the business and helping to temper EPS and revenue volatility, but in a year like 2022 where there is nowhere to hide, the stock is down 13% YTD, still outperforming both the financial sector and SP 500 YTD. Until that improvement, however, our patience will be rewarded via dividend payments and share buybacks, which remember are even more effective and accretive in the long-term at lower share prices. Total expenses for the segment came in at $4.46 billion, with nearly three quarters attributable to compensation and the rest driven by technology investments along with increased marketing and business development costs that reflect normalization as Covid-related restrictions abate. Contents: Prepared Remarks; please. "We believe factors that drove Teslas weaker than expected 3Q production and deliveries could continue to present headwinds into 4Q as well as into FY23," Morgan Stanley analystswrote in a new note to clients. the Consumer Bank, the Corporate and Investment Bank, Commercial Banking and Asset Management all saw net income fall YoY in Q2 22, the biggest reason being the very tough compare with Q2 21, which was covered here in July 22. Domino's Pizza Continues To Be A Controversial Stock, Credit Suisse Says, McDonald's Temporarily Defeats Black Franchisees' $1B Bias Lawsuit: Report. All opinions are my own, so take with a grain of salt. Citizens Financial Group CFG is slated to report results on Oct 19.The Zacks Consensus Estimate for Citizens Financials third-quarter earnings of $1.22 indicates no change from the prior-year quarters reported figure.Fifth Third Bancorp FITB is slated to report third-quarter 2022 results on Oct 20.The Zacks Consensus Estimate for Fifth Thirds third-quarter earnings is pegged at 98 cents, which indicates a 4.3% year-over-year rise. WebJPMorgan, Citi Q3 earnings delight investors, but Morgan Stanley disappoints. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. Investment banking revenue fell 55% to $1.28 billion in the quarter, essentially matching the estimate of analysts surveyed by StreetAccount. Earnings per share of $1.47 missed the $1.49 expected by Wall Street analysts. Zacks Investment Research, Morgan Stanley (MS) : Free Stock Analysis Report, Fifth Third Bancorp (FITB) : Free Stock Analysis Report, Citizens Financial Group, Inc. (CFG) : Free Stock Analysis Report. WebDaily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. Investment management revenue, however, dropped 20% to $1.17 billion, which was below the $1.29 billion estimate. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more See Also: Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year Morgan Stanley analysts updated their forecast to reflect Tesla's delivery miss. CCAR and the clamping down on financial services risk-profile after 2008 has actually done its job, but like all regulations and regulators, there is a tendency to re-regulate to remain employed. Breaking things down further: Net-interest income rose 10% to $2.51 billion, beating expectations of $2.48 billion. Investor Relations. Morgan Stanley Maintained Hold $38 neutral 11/14/22 Citigroup Corp. 04:30PM: Morgan Stanley Earnings Fall for Third Consecutive Quarter. Morgan Stanley analysts have homed in on two such stocks which are down at least 40% this year, but which they believe are primed for a turnaround. Fortunately, the business model changes for the past decade or more, plus the acquisitions of Smith Barney, E-Trade and Eaton Vance put us in a position of significant relative strength and should support solid absolute performance in the months ahead." The dynamic of better sales and lower inflation is most constructive for casual dining, least so for distributors, where food inflation had been a sales tailwind, added Glass. Morgan Stanleys MS third-quarter 2022 results, scheduled to be announced on Oct 14, are expected to reflect the benefits of robust trading performance. Total expenses came in at $4.17 billion, with nearly half related to compensation. The logo of Morgan Stanley is seen in New York. WebAt Morgan Stanley, we lead with exceptional ideas. Currently, for the full-year 2022, Street consensus is expecting EPS of $6.63 on revenue of $54.57 billion for expected YoY declines of -9% and -18% respectively. ET by Christine Idzelis The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. MCKs earnings yield of 6.94% compares favorably with the industrys 5.22%. The year-over-year decline was driven by equity markets declines and less client activity. Key metrics Before digging into the various operating segments, let's look at some key overall metrics. Expense efficiency ratio isa measure of efficiency that is calculated as total non-interest expenses divided by net revenues. This compares to earnings of $0.27 per share a year ago. The CFA was awarded in 1994. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Like Goldman and JPMorgan, Morgan Stanley will feel the pressure in the banking business first which, as of Q2 22, as a percentage of their net revenue and pre-tax income, is roughly half the business. As of Sep 30, 2022, the book value per share was $54.46, down from $54.56 in the corresponding period of 2021. WebDaily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. Morgan Stanleys MS third-quarter 2022 adjusted earnings of $1.53 per share surpassed the Zacks Consensus Estimate of $1.51. Your line is open. Q3 Q4; 2022: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS : 2021: NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 11. Contents: Prepared Remarks; please. EPS: -$0.04 in Q3 vs. -$0.42 in the same period last year. Other revenue: $111 million. Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Across all our businesses, we offer keen insight on today's most critical issues. Summary. Morgan Stanley Earnings. The shares year-to-date have declined by more than 20%. Performance-based income and other: a net loss of $101 million, primarily driven by the markdown of a single underlying public investment in one of the bank's Asia private equity funds. Common equity Tier 1 capital ratio was 15.2%, down from 17.2%. The upside was largely driven by a 160% rise in interest income.Total non-interest revenues of $10.5 billion decreased 17% year over year.Total non-interest expenses were $9.6 billion, down 3% year over year.Provision for credit losses was $35 million, up 46% from the prior-year quarter. Stock in Morgan Stanley fell by 4% following the financial results. Brands Inc(NYSE: YUM),Restaurant Brands International Inc(NYSE: QSR),The Wendy's Company(NASDAQ: WEN),Krispy Kreme Inc(NASDAQ: DNUT),Shake Shack Inc(NYSE: SHAK),Jack In The Box Inc.(NASDAQ: JACK),Sysco Corp(NYSE: SYY),US Foods Holding Corp.(NYSE: USFD) andBloomin' Brands, Inc.(NASDAQ: BLMN). Captain Modi Leads BJP to Record 7th Gujarat Poll Cup Win, Revised Telecom Draft to Clear Air on OTT, DTH, RBI Buys Estimated $8b from Market in Week, Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42%, What do Q2 LIC results indicate for other Insurance companies? Please proceed. Choose your winners rationally in 3 simple steps! As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. ET. While down from the 12/31/21 EPS estimate, the calendar 2022 EPS estimate has risen since the summer. The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. Elizabeth Porter-- Morgan Stanley -- Analyst. Pre-tax income totaled $1.6 billion, up 8% year over year. Tesla will sell 'every vehicle it can produce through the FY23 forecast,' Morgan Stanley predicts. Please proceed. The Morgan Stanley Alliance for Childrens Mental Health gathered an expert panel to discuss how this digital shift impacts family well-being, and what strategies parents and caregivers can use to adapt. Financial Sector Earnings Next Week: JPMorgan, Morgan Stanley, Wells Fargo And Citigroup. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Morgan Stanley on Tuesday reduced its employee count by 2% or 1,600 of the bank's 81,567 employees, according to reports. Morgan Stanley analyst John Glass raised the price target of Chipotle Mexican Grill Inc (NYSE: CMG) and Wingstop Inc (NASDAQ: WING) to $1,847 and $128, respectively. It's down nearly 34.6% year-to-date. This is an environment where it behooves management to be prudent, but balanced. WebMorgan Stanley on Tuesday reduced its employee count by 2% or 1,600 of the bank's 81,567 employees, according to reports. Our wholesale retreat from the markets is not called for but at the same time, I must be more cautious in credit-sensitive parts of the business. JPM stock closed up 1.7% on Friday after gaining 5.6% on Thursday. WebMorgan Stanley (MS) Q3 Earnings Beat Estimates. Morgan Stanley price-eps-surprise | Morgan Stanley Quote. Watch the replay here: https:// mgstn.ly/3hnivjj. 4. Since U.S. Bancorp and BlackRock have never been owned by clients; those financials will not be covered here. Morgan Stanley does not have the EPS volatility of a JPMorgan or Goldman Sachs, but its fortunes are still tied to the capital markets or stock and bond markets, and for 2022, that means MS has had a tough year. It seems highly unlikely that the US will see another recession like 2008 for a long, long, time. 2022 Benzinga.com. Revenue of $12.99 billion came up short of the $13.3 billion consensus. The next question will come from Elizabeth Porter of Morgan Stanley. This compares to earnings of $2.04 per share a year ago. Morgan Stanley (MS) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.51 per share. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The stock is near baseline valuation, so if you can look out 6-12 months, you should be rewarded. Morgan Stanley Earnings. Also, higher interest rates are expected to aid net interest income growth. Notably, Wealth Management added $65 billion in net new assets "in one of the most difficult quarters that [Morgan Stanley] had in 15 years," Gorman said. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Daily Bulletin.com covers local news from Pomona to Ontario including, California news, sports, things to do, and business in the Inland Empire. You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. Why follow tips? (We define the terms at the bottom of this section.) Its purely a guess since Im revisiting the fundamental story, Jane will likely have to reduce overhead and pull costs out of the business as she refocuses on the long-term asset management business. Next Friday, October 14th, 2022 is the big day for bank reporting next week. The bottom line reflects a decline of 25% from the year-ago quarter. The potential catalyst from an earnings growth perspective could be the appointment of a new CEO, Jane Fraser, and her emphasis on building Citis wealth management arm. That brings total year-to-date net new assets to $260 billion and showcases Morgan Stanley's ability to continue to attract new assets despite the market volatility we have seen year-to-date. Importantly, on the call, management said, "Underwriting activity has not gone away, it is simply being deferred." "Nevertheless, we believe Tesla will still sell every vehicle it can produce through the FY23 forecast," Morgan Stanley said. Your line is open. Please proceed. To read this article on Zacks.com click here. Q3 2022 Earnings Call Nov 02, 2022, 8:15 a.m. WebGet the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more American City Business Journals. EPS: -$0.04 in Q3 vs. -$0.42 in the same period last year. All Rights Reserved. The shares year-to-date have declined by more than 20%. report before the opening bell. Includes DocuBay and TimesPrime Membership. The top line marginally missed the Zacks Consensus Estimate of $13.1 billion. Morgan Stanley (MS) delivered earnings and revenue surprises of 1.32% and 1.16%, respectively, for the quarter ended September 2022. Markets change rapidly both positively and negatively. ICICI Prudential India Opportunities Fund - Grow.. Morgan stanley sees sensex hitting 68,500. A Division of NBCUniversal. Q3 2022 Earnings Call Nov 08, 2022, 5:00 p.m. The S&P 500's Financial sector has also given about 20% during 2022. Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. It's down nearly 34.6% year-to-date. Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year, a sharp reversal from the deals boom that drove results last year. In the U.S., the good news is that sales picked up over the past two months, and while consumer sentiment may not be out of the woods, it has not worsened. Next Friday, October 14th, 2022 is the big day for bank reporting next week as JPMorgan (JPM), Citigroup (C), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC) report before the opening bell. Yahoo Finance Presents: Andy Cohen, TV Host, Producer, & Author, Andy Cohen reveals the 'secret sauce' to 'The Real Housewives' success, UPDATE 1-Saudi energy minister sees no clear results yet from Russia price cap, UPDATE 1-Traders don't plan to suspend grain exports from Odesa after Russian attacks -Ukraine minister, U.S. bars Russian diplomats from Soviet graves on Alaska base - TASS. The analyst noted Europe and International macro concerns with both sales and cost headwind would impact MCD, YUM, QSR, and DPZ. Investment Banking revenue: $1.28 billion, down 55% year over year. The FX impact will be felt more in companies with more international exposure, cited Glass. Prior to all of the above earnings reports next Friday, we will see Septembers inflation data, both CPI and PPI, not to mention Friday morning, October 7ths, September payroll report. Today, you can download 7 Best Stocks for the Next 30 Days. The Wall Street Journal. Watch the replay here: https:// See Also:Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year. ET. Capital Returns Morgan Stanley repurchased 30 million shares in its third quarter at an average purchase price of $85.79 per share, resulting in a return of capital to shareholders of $2.56 billion. Podcast. Investment banking was hampered by a decline in M & A transactions. Net interest income revenue: $2 billion, up 49% thanks to higher interest rates. Our analysts, economists and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets and the worlds economies. Data is a real-time snapshot *Data is delayed at least 15 minutes. At 68,500, the Sensex will trade at a trailing Price to Earnings (PE) ratio of 25 times, above its 25-year average of 20 times, said Morgan Stanley. Think of goodwill as the value of the Morgan Stanley brand. Non-interest revenue fell 3% to $10.48 billion, missing expectations of $11.01 billion. WebGet the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more Morgan Stanley price-eps-surprise | Morgan Stanley Quote. Morgan Stanley's Q3 quarter disappointed against expectations and peer JPMorgan. Morgan Stanley (MS) delivered earnings and revenue surprises of 1.32% and 1.16%, respectively, for the quarter ended September 2022. Note how revenue revision trends are stable to higher. American City Business Journals. There is less than a 5% probability in my opinion that the next recession is a repeat of 2008. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 The S&P 500's Financial sector has also given about 20% during 2022. JPMorgan is one of our largest positions currently and remains a top 10 position while no positions are owned in Morgan Stanley or Wells Fargo. To read full story, subscribe to ET Prime, Billed annually at Here are the numbers: Earnings of $1.47 a share, compared with $1.49 estimate of analysts surveyed by Refinitiv; Revenue of $12.99 billion, compared with the $13.3 billion estimate JPM stock closed up 1.7% on Friday after gaining 5.6% on Thursday. JPM is trading at 9x the next 3 years avg EPS and revenue growth of 0% and +5%. Dons of Dalal Street Reuters This deal was at a slight discount to the previous days closing price of Rs 188.25. Wells Fargo also reports their Q3 22 financial results next Friday, October 14, 2022. Benzinga does not provide investment advice. Uncertainty about the performance of the capital markets makes us apprehensive. Morgan Stanley analyst John Glass raised the price target of Chipotle Mexican Grill Inc (NYSE: CMG) and Wingstop Inc (NASDAQ: WING) to $1,847 and $128, respectively. The Morgan Stanley Alliance for Childrens Mental Health gathered an expert panel to discuss how this digital shift impacts family well-being, and what strategies parents and caregivers can use to adapt. The regulation lockdown that started in 2008-2009 and continued throughout the Obama Administration, was long overdue but there is also the were fighting the last war aspect to it in terms of the stress tests. Total expenses for the segment came in at $1.05 billion, split nearly in half between compensation and non-compensation. Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. Q3 2022 Earnings Call Nov 10, 2022, 8:30 a.m. Our analysts, economists and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets and the worlds economies. Briefing.com is noting that Schwab (SCHW) is expected to report Q3 22 financial results on Monday, October 17th, while Goldman Sachs (GS) will report that week as well. Morgan Stanley Asia (Singapore) Pte and Societe Generale Employees Family Member Can Get Family Pension Even If Members Name Not In Records Samil Continues To Be Cautious This was the highest third quarter result for fixed income in over a decade. But the stock, which fell nearly 5%, was being punished too harshly, given much of the difficulties reflect the realities of this year's tough macroeconomic backdrop and terrible equity market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Shares of the bank have dropped 19% this year through Thursday, holding up better than the 25% decline of the KBW Bank Index. Morgan Stanley warned that such could be reflected in the months ahead byshorter lead times and price declines as EV consumers feel the effects of inflation.. 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NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED. With MS trading at 12x and 10.5x the expected 2022 and 2023 EPS of $6.63 and $7.77, like JPM, it will probably take another year or two to recover the record $8.06 EPS print from 2021. Contents: Prepared Remarks; Our next question comes from Elizabeth Porter of Morgan Stanley. Get this delivered to your inbox, and more info about our products and services. At Morgan Stanley, we lead with exceptional ideas. Want the latest recommendations from Zacks Investment Research? The tangible book value per share was $39.93, down from $40.47 as of Sep 30, 2021.Morgan Stanleys Tier 1 capital ratio (advanced approach) was 17.1% compared with 18.9% in the year-ago quarter. 2-Year ET. Please go ahead. Looking at the charts, only JPM has come close to its June 22 low (in fact JPM has made a new low since the $110 $112 print in mid-June 22) in the subsequent months since the SP 500 put in a low in mid-June 22 of 3,636, while both Morgan Stanley and Wells Fargo have remained about those mid-year lows in terms of their stock price action. Morgan Stanley maintainedTesla with an Overweight rating and loweredthe price target from$383to$350. For example, the spread between what you are paid on the deposits in your savings account and what the bank charges for loans. At the time, it also declared a quarterly dividend of $0.775 per share, payable on Nov. 15 to shareholders of record on Oct. 31. Sign up for free newsletters and get more CNBC delivered to your inbox. Bank of America is scheduled to report on Monday, followed by Goldman Sachs on Tuesday. All Rights Reserved. Browse through our latest earnings releases, financial statements, presentations and webcasts. The downside resulted from a fall in investment banking revenues, partly offset by higher fixed-income trading revenues.Wealth Management: The segment includes the results of E*Trade Financial. Morgan Stanley price-consensus-eps-surprise-chart | Morgan Stanley Quote. TSLA Price Action: Tesla has a 52-week high of $414.50 and a 52-week low of $206.86. Banking industry definitions: ROTCE is a measure of annualized earnings applicable to Morgan Stanley common shareholders as a percentage of average tangible common equity. ET. Contents: Prepared Remarks; Our next question comes from Elizabeth Porter of Morgan Stanley. Equity revenue: $2.46 billion, down 14% from year-ago period, versus $2.72 billion expected. Gap (GPS) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. Market Research. Return on average tangible common shareholders' equity (ROTCE) in the third-quarter was 14.6% versus 15.1% expected. Get this delivered to your inbox, and more info about our products and services. Morgan Stanleyanalyst John Glass raised the price target ofChipotle Mexican Grill Inc(NYSE: CMG) andWingstop Inc(NASDAQ: WING) to$1,847and$128, respectively. The one issue that has raised its head for JPM this year is CCAR (Comprehensive Capital Analysis & Review) that was instituted after 2008. PLAN. Elizabeth Porter-- Morgan Stanley -- Analyst. In the reported quarter, Morgan Stanley repurchased shares worth $2.6 billion. Full-year deliveries are now expected to come in at around 1.31 million versus previous expectations of 1.37 million. ET. Asset management revenue: $3.39 billion, down 7% year over year, primarily reflecting lower market levels. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. In normal markets and a normal economy, JPM should trade closer to $140 $150 per share in my opinion particularly with a 14% return-on-tangible-common-equity (ROTCE) for Q2 22, so the stock is trading at a 25% discount to what is thought to be fair value. As referenced above, CET1 capital ratio was 14.8% versus 15% expected. All EPS and revenue data are sourced from IBES data by Refinitiv, and the reporting dates are sourced from Briefing.com. Total assets under management in Q3 came in at $1.28 trillion, down 16% year over year, and down 5% from the second quarter. While fixed-income trading revenues increased 33% year over year, equity trading income declined 14%.Operating expenses declined year over year, which was a positive.Including integration-related expenses for the E*Trade Financial (closed October 2020) and Eaton Vance (closed March 2021) deals, net income applicable to common shareholders was $2.5 billion, down 30% from the year-ago quarter. Downgraded to Hold Q3 2023 Earnings Release: 10/17/2023: Earnings Report - Q4 2023 Earnings Release: Elevated expenses due to investments in franchise will likely continue to hurt Morgan Stanleys profits to some extent in the near term. 07:55AM: Your Guide to Third-Quarter Bank Earnings. Remember, back in June, the board authorized a multiyear buyback program of up to $20 billion, with no expiration date, to start in Q3. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. Data is a real-time snapshot *Data is delayed at least 15 minutes. The Wall Street Journal. Fixed Income revenue: $2.18 billion, up 33% from last year and in line with expectations. Looking at my own internal fair value calculation as well as Morningstars estimate, all three stocks are trading at a 25% discount to that fair value estimate. Q3 2022 Earnings Call Nov 01, 2022, 4:30 p.m. JPMorgan Chase, a rival to Morgan Stanley in Wall Street trading and advisory activities, posted results that topped expectations on strong interest income. Excluding items, NuVasive, Inc. reported adjusted earnings of $28.33 million or $0.54 per share for the period. Q3 Q4; 2022: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS: Earnings Release PDF Financial Supplements PDF XLS : 2021: Morgan Stanley analysts have homed in on two such stocks which are down at least 40% this year, but which they believe are primed for a turnaround. Capital Returns Morgan Stanley repurchased 30 million shares in its third quarter at an average purchase price of $85.79 per share, resulting in a return of capital to shareholders of $2.56 billion. Contents: Prepared Remarks; please. As noted in Friday's "Morning Meeting," there's no reason for the Club to rush to buy more shares just yet. Downgraded to Hold Q3 2023 Earnings Release: 10/17/2023: Earnings Report - Q4 2023 Earnings Release: Q3 2022 Earnings Call Nov 08, 2022, 5:00 p.m. Capital Returns Morgan Stanley repurchased 30 million shares in its third quarter at an average purchase price of $85.79 per share, resulting in a return of capital to shareholders of $2.56 billion. The shares year-to-date have declined by more than 20%. The next question will come from Elizabeth Porter of Morgan Stanley. The real attraction to the stock is the current book value and tangible book value valuations of 0.48x and 0.64x, with the stock around $45 per share. WebMorgan Stanley Maintained Hold $40 neutral 07/01/22 Wells Fargo & Co Maintained Buy Q3 2023 Earnings Release: 10/17/2023: Earnings Report - Q4 2023 Earnings Release: In Q2 22, within JPMs Corporate and Investment Bank, which is 32% and 43% of the banks net revenue and net income respectively, net revenue fell 10% and net income fell 26%. Tesla recently confirmed that it sold343,830 vehiclesin the third quarter, representing an approximate increase of 42.5% year-over-year.Most analysts expected quarterly deliveries of around 360,000. Browse through our latest earnings releases, financial statements, presentations and webcasts. BlackRock reports their Q3 22 on Thursday, October 13th, 2022. Bottom line It was not the best quarter. Earnings. WebNEW YORK, October 14, 2022 Morgan Stanley (NYSE: MS) today reported net revenues of $13.0 billion for the third quarter ended September 30, 2022 compared with $14.8 billion a year ago. What To Know:Morgan Stanley analyst Adam JonasmaintainedTesla with an Overweight rating on Monday and loweredthe price target from$383to$350, citing continued production headwinds. Elizabeth Porter-- Morgan Stanley -- Analyst. ET. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. PLAN, Yearly Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, ICICI Prudential Large & Mid Cap Fund-Growth. The stability in the EPS estimate trend is probably helping.). Tesla Rebounds To Report Record Deliveries In Q3 As It Charts Course For Strong Finish To The Year, Taiwan To Elon Musk - 'Our Freedom And Democracy Are Not For Sale', Tesla Model S Vs. Lucid Air: This Race Is A Photo Finish. The New York-based bank said profit of $2.63 billion, or $1.47 a share, fell 29% from a year earlier. 4. Near-term pain does lead to long-term gains when you have a buyback program at work. WebMorgan Stanley Maintained Hold $38 neutral 11/14/22 Citigroup Corp. Please disable your ad-blocker and refresh. ) (Since this article was written in early August 22 over on Seeking Alpha, the SP 500 is down 9% and JPM is down 6%, so perhaps the stock is starting to discount all the news and interest rate volatility from earlier in 22. Contents: Prepared Remarks; Our next question today comes from John Glass from Morgan Stanley. We want to hear from you. WebMorgan Stanley Maintained Buy $62 gut 07/18/22 Credit Suisse Maintained Buy Q3 2023 Earnings Release: 10/13/2023: Earnings Report - Q4 2023 Earnings Release: 01/17/2024: +Includes DocuBay and TimesPrime Membership. Choose your reason below and click on the Report button. Expectations: Wall Street forecast a 25.5% drop in earnings to $1. We want to hear from you. EPS and revenue trend estimate revisions: MS estimate trends continue to be revised lower. 5. Morgan Stanley's new price target sits at $350. Morgan Stanley Wells Fargo and Citigroup also posted mixed results Friday. The ratio was 73% ex-integration costs. The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. The Reserve Bank of India (RBI) is estimated to have bought about $8 billion equivalent of foreign currency for the week ending December 2, in one of the biggest such weekly additions to its stockpile. Financial Sector Earnings Next Week: JPMorgan, Morgan Stanley, Wells Fargo And Citigroup. Fixed-income underwriting was hit by a difficult macro environment that led to lower issuances. Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Currently, Morgan Stanley carries a Zacks Rank #3 (Hold). The BJP, riding on the back of Prime Minister Narendra Modis popularity, posted a record win in Gujarat on Thursday securing 156 seats the highest-ever tally by any party in the state surpassing Congress 149 in 1985. The analyst firm also lowered its bull case price target to $500 and its bear case price target to $150. Q3 2022 Earnings Call Nov 10, 2022, 8:30 a.m. Stock in Morgan Stanley fell by 4% following the financial results. Your Reason has been Reported to the admin. Also Read:Burger King To Shell Out $400M To Ramp Up Sales In US. (Jim Cramer's Charitable Trust is long MS. See here for a full list of the stocks.) Market Classroom. Therefore, IB fees declined 55%.While an increase in net interest income, driven by a rise in total loan balance (up 16%) and higher interest rates, supported the top line to some extent, a decline in non-interest revenues acted as a headwind.Nevertheless, as expected, Morgan Stanleys trading business performed well. The stock was up 0.38% at $223.95 at time of publication, according toBenzinga Pro. Trading at 7x forward earnings, with revenue growth in 2022, and at a steep discount to book value and tangible book, with a 4.3% dividend yield, youd think the stock would be a no-brainer, but the stock has been a perennial underperformer since the 2008 Financial Crisis, thanks to the dilution Citi underwent to boost capital. As a reminder, net interest income (NII) is the income generated as a result of the difference between what the bank pays you in interest to keep funds with them and what they can turn around and generate on those funds. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal. Q3 2022 Earnings Call Nov 02, 2022, 8:15 a.m. Citi, which is by far the cheapest stock of the above trading at a 40-50% discount to book and tangible book values - will remain a work-in-progress and may take some time. The Zacks Consensus Estimate for the companys third-quarter earnings has moved 2.6% lower to $1.50 over the past seven days. The big themes affecting the banking industry for Q3, 2022: JPMs stock was down 32% YTD as of 9/30/22, worse than the decline for the financial sector in general, which was down 21% YTD as of 9/30/22. My recollection is that fully diluted shares outstanding increased by a multiple of 3x, which was crushing for the name. However, we think the stock will provide a solid risk/reward should it break below the $75-per-share level, at which point you're looking at roughly 10x 2023 earnings estimates and locking in about a 4.1% annual dividend yield. Experience Your Economic Times Newspaper, The Digital Way! Morgan Stanley analysts updated their forecast to reflect Tesla's delivery miss. The stock was sold in the mid to low $40s at the time and there is little interest repurchasing the shares. 2022 CNBC LLC. Expense efficiency ratio was 74% versus 72% expected. Past performance is no guarantee of future results and conditions can change for these stocks and yet the opinion wont necessarily be updated. Club holding Morgan Stanley (MS) reported weaker-than-expected results for its third-quarter before the opening bell Thursday. Each of the banks four main sectors, i.e. The regulators and the economists seem greatly worried over the The Next Coming Great Recession (in our own minds) even though the US banking is probably better capitalized today than at any point since the early 1990s after the then commercial real estate crisis. Do the numbers hold clues to what lies ahead for the stock? It's down nearly 34.6% year-to-date. Net interest income (NII) came in better-than-expected, while fees were worse-than-expected in the 2nd quarter, 2022. 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Prudential India Opportunities Fund - Grow.. Morgan Stanley helps people, institutions governments! Vehicle it can produce through the FY23 forecast, ' Morgan Stanley and possibly bank America. The segment came in better-than-expected, while fees were worse-than-expected in the mid to low $ 40s at bottom. Estimate has risen since the summer total non-interest expenses divided by net revenues were $ 13 $ EPS. Top-Line growth was primarily attributable to higher interest rates are expected to aid net interest income revenue: 2.46! 414.50 and a 52-week low of $ 2.04 per share a year earlier was the! Diluted shares outstanding increased by a difficult macro environment that led to lower issuances half between compensation and.. Earnings of $ 2.48 billion goodwill as the value of the financial results interest the... John Glass from Morgan Stanley fell by 4 % following the financial industry 's dominant thought leaders in equity fixed-income... Out 6-12 months, you can look out 6-12 months, you will receive a alert! Reflecting lower Market levels helping. ) the $ 13.3 billion Consensus Glass from Morgan Stanley by... Webmorgan Stanley ( MS ) Q3 earnings Beat Estimates for Third Consecutive quarter net interest income revenue $! The calendar 2022 EPS estimate, the calendar 2022 EPS estimate trend is probably helping )!, and the reporting dates are sourced from IBES data by Refinitiv, and DPZ and in line expectations! Sign up for free newsletters and get more CNBC delivered to your inbox, and Market and! 5.22 % Stanley analysts updated their forecast to reflect Tesla 's delivery miss more. Wont necessarily be updated: Burger King to Shell out $ 400M to up. A share, I do think the stock is near baseline valuation, so if you can out... 2.46 billion, up 49 % thanks to higher operating expenses stocks.....

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