Morgan Stanley Q3 2023 Earnings Call Summary - Thomson StreetEvents

Morgan Stanley Q3 2023 Earnings Call Summary

Morgan Stanley Q3 2023 Earnings Call Summary - Thomson StreetEvents
Morgan Stanley Q3 2023 Earnings Call Summary
Published Oct 18, 2023
18 pages (11178 words) — Published Oct 18, 2023
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About This Report

  
Abstract:

Edited Brief of MS.N earnings conference call or presentation 18-Oct-23 12:30pm GMT

  
Brief Excerpt:

...A. Notwithstanding the net result for Morgan Stanley was we generated $13 billion -- a little over $13 billion in revenues, $2.3 billion in net income and ROTCE of 13.5%. B. But we are seeing increasing evidence of M&A and underwriting calendars that are building, and while we expect momentum to continue this year, given the fourth quarter has some seasonal considerations, we expect most of the activity to materialize in 2024. C. Firstly, we successfully completed the E*TRADE integration this quarter. D. It involved just migrating 14 million accounts onto our platform. E. Secondly, on the capital front, we bought back $1.5 billion in stock. F. We averaged a nearly 4% dividend yield over the quarter and, at the same time, delivered a CET1 ratio of 15.5%, which is 260 basis points over our most recent regulatory requirement. G. In the quarter, Wealth Management generated net new assets of $36 billion. H. This year, we've had 2 quarters where we had some surprise on the upside. I. And in aggregate...

  
Report Type:

Brief

Source:
Company:
Morgan Stanley
Ticker
MS.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Morgan Stanley Q3 2023 Earnings Call Summary" Oct 18, 2023. Alacra Store. May 14, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Morgan-Stanley-Earnings-Call-B15703816>
  
APA:
Thomson StreetEvents. (2023). Morgan Stanley Q3 2023 Earnings Call Summary Oct 18, 2023. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Morgan-Stanley-Earnings-Call-B15703816>
  
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