Morgan Stanley reported robust Q2 2024 financial results with net revenues of $15.0 billion, up 12% year-over-year, and net income of $3.1 billion, a 41% increase from Q2 2023. The firm delivered ROE of 13.0% and ROTCE of 17.5%. Investment banking revenues surged 51% to $1.6 billion, while trading revenues increased to $4.1 billion driven by strong performance in equities and fixed income.The Institutional Securities segment saw significant growth with net revenues up 23% to $7.0 billion, benefiting from higher equity trading and underwriting activity. Wealth Management maintained steady performance with net revenues of $6.8 billion and a pre-tax margin of 26.8%. The segment attracted $26 billion in fee-based asset flows and $36 billion in net new assets during the quarter. Investment Management generated net revenues of $1.4 billion, up 8% year-over-year.The firm...Show More

Morgan Stanley reported robust Q2 2024 financial results with net revenues of $15.0 billion, up 12% year-over-year, and net income of $3.1 billion, a 41% increase from Q2 2023. The firm delivered ROE of 13.0% and ROTCE of 17.5%. Investment banking revenues surged 51% to $1.6 billion, while trading revenues increased to $4.1 billion driven by strong performance in equities and fixed income.The Institutional Securities segment saw significant growth with net revenues up 23% to $7.0 billion, benefiting from higher equity trading and underwriting activity. Wealth Management maintained steady performance with net revenues of $6.8 billion and a pre-tax margin of 26.8%. The segment attracted $26 billion in fee-based asset flows and $36 billion in net new assets during the quarter. Investment Management generated net revenues of $1.4 billion, up 8% year-over-year.The firm maintained strong capital and liquidity positions, with a Standardized Common Equity Tier 1 capital ratio of 15.2%. Total assets reached $1.21 trillion, while deposits stood at $348.9 billion. The Board authorized a new $20 billion share repurchase program and increased the quarterly dividend to $0.925 per share, demonstrating confidence in the firm's financial strength and commitment to shareholder returns.