5 Notable Earnings Reports to Watch

3. Morgan Stanley (NYSE:MS)

Number of Hedge Fund Holders: 65

Shares of Morgan Stanley (NYSE:MS) closed higher on Wednesday, January 19, 2022, after surpassing profit expectations for the fourth quarter. The New York-based global investment bank reported earnings of $2.01 per share, up from $1.81 per share in the year-ago quarter and above expectations of $1.94 per share.

In addition, Morgan Stanley (NYSE:MS) posted revenue of $14.524 billion for the quarter, compared to $13.597 billion in the same period of 2020. Analysts were looking for revenue of $14.558 billion.

If we look at the performance of key business divisions of Morgan Stanley (NYSE:MS), the Institutional Securities unit generated revenue of $6.7 billion, slightly below $7.0 billion in the year-ago quarter.

In comparison, revenue from the Wealth Management segment increased to $6.3 billion versus $5.7 billion in the comparable period of 2020, while Investment Management revenue jumped to $1.8 billion from $1.1 billion a year earlier.

Discussing the results, CEO of Morgan Stanley (NYSE:MS), James Gorman, said in a statement:

“2021 was an outstanding year for our Firm. We delivered record net revenues of $60 billion and a ROTCE of 20%, with stand-out results in each of our business segments. Wealth Management grew client assets by nearly $1 trillion to $4.9 trillion this year, with $438 billion in net new assets. Combined with Investment Management, we now have $6.5 trillion in client assets.”