[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  LongYield [@LongYield](/creator/twitter/LongYield) on x 4474 followers Created: 2025-07-18 21:38:48 UTC $MS Morgan Stanley Earnings Call Key Highlights: 📊 Financial Performance and Returns • Morgan Stanley reported Q2 2025 revenues of $XXXX billion, EPS of $2.13, and a return on tangible common equity (ROTCE) of 18.2%. • The firm achieved a strong H1 2025 with $XXXX billion in revenue and $XXXX EPS, demonstrating resilience across multiple market backdrops. • Efficiency ratio for the first half stood at 70%, reflecting disciplined expense management, cost-saving from real estate exits, and productivity gains through technology investments. • Capital strength remained robust with a CET1 ratio of 15%, over XXX basis points above the forward requirement, enabling dividend growth and flexible capital deployment. 💼 Wealth Management Growth and Profitability • Wealth Management delivered record pretax profit of $XXX billion and a XXXX% pretax margin, underscoring operational leverage and scale benefits. • Net new assets reached $XX billion, despite a $XX billion seasonal tax outflow, while fee-based flows marked a record at $XX billion. • Continued investment in adviser support, technology enhancements (e.g., E*TRADE Pro), and the central workplace channel fueled growth across channels. • Total fee-based assets increased to $XXX trillion, with clients steadily shifting from brokerage to advisory accounts. 🌐 Institutional Securities Division Performance • Revenues reached $XXX billion, supported by a strong equities franchise and improving global capital markets activity in Asia and EMEA. • Equity underwriting revenues rose to $XXX million, showing strong recovery in IPOs, convertibles, and follow-ons late in the quarter. • Fixed income markets delivered $XXX billion in revenue, with strength in macro trading and secured lending offset by weaker credit spreads and lower commodities income. • Investment banking revenues totaled $XXX billion, with advisory at $XXX million and debt underwriting at $XXX million amid mixed macro sentiment. 📈 Investment Management Momentum • Revenues rose XX% YoY to $XXX billion, with total AUM reaching a record $XXX trillion. • Long-term net inflows totaled $XX billion in the quarter and $XX billion year-to-date, led by fixed income products and Parametric’s customized portfolios. • Asset management and related fees stood at $XXX billion, while performance-based income reached $XXX million, bolstered by infrastructure fund gains. • Liquidity and overlay services experienced $XXXX billion in outflows due to institutional redeployments into markets and CapEx. 🏦 Deposits, Lending & Net Interest Income (NII) • Bank lending balances rose to $XXX billion, driven by growth in securities-based lending and stronger adviser-client engagement. • Total deposits increased to $XXX billion, and NII remained stable at $XXX billion, reflecting steady sweep balances and moderate rate expectations. • Household lending penetration grew, supported by greater integration of portfolio solutions across the adviser-led channel. • The firm anticipates stable NII in Q3, barring significant changes in the policy rate, with a positive outlook tied to broader market engagement. $MS Morgan Stanley Earnings Call Key Highlights: (2/2) 💹 Equities and Prime Brokerage Strength • Equities revenue totaled $XXX billion, driven by strong performance across cash, derivatives, and record prime brokerage revenues. • Average client balances reached all-time highs in prime brokerage, while increased trading volumes in EMEA supported cash equities growth. • Derivatives revenue improved YoY, as clients actively repositioned around tariff-related events and geopolitical developments. • The integrated and globally scaled equities platform enabled Morgan Stanley to maintain leading market share and capitalize on client flow volatility. 🏛️ Capital Allocation and Strategic Flexibility • Morgan Stanley raised its quarterly dividend to $XXXX per share and maintained a $X billion annualized share repurchase pace. • Incremental capital is being deployed into core growth areas: investment banking, Wealth Management, and markets – with focus on operating leverage and client-driven deployment. • Management emphasized prioritization of organic growth but remains open to high-bar inorganic opportunities that align with the firm’s core strategy. • Continued regulatory reform (e.g., new SLR proposal and CCAR evolution) is expected to unlock further capital flexibility. 🔗 Integrated Firm and Global Franchise Synergies • The strategy to raise, manage, and allocate capital across Wealth and Institutional businesses continues to deliver operating leverage and deeper client engagement. • Synergies between Institutional Securities and Wealth/Investment Management enhance client retention, broaden product access, and deepen relationships. • The firm's global scale, including strategic partnerships in Asia (e.g., MUFG), bolsters competitiveness in cross-border transactions and regional diversification. • Leadership reaffirmed the cultural commitment to firmwide integration, capital deployment discipline, and cross-business collaboration. 🔄 Inorganic Growth Outlook and M&A Commentary • Management emphasized that any acquisition must directly support the firm’s core strategic goals and exhibit strong cultural and operational fit. • Potential targets would need to add scale or new capabilities to the existing Wealth or Investment Management platforms without diluting focus. • Recent M&A examples (Eaton Vance, E*TRADE, Solium) illustrate Morgan Stanley’s preference for transformational rather than incremental deals. • Management noted the organic growth runway remains expansive, reducing urgency for inorganic expansion unless opportunities are highly synergistic. 📉 Credit Risk and Provisions • ISG lending provisions totaled $XXX million due to portfolio growth and a slightly weaker macro outlook. • Net charge-offs were $XX million, primarily from previously provisioned commercial real estate loans. • Credit exposure is being managed prudently, with lending expansion targeted toward high-quality counterparties and strategic client segments. • The firm continues to prioritize risk-adjusted returns in extending credit, with incremental lending tightly aligned to relationship growth. 📣 Regulatory Environment and Market Conditions • Leadership is increasingly optimistic on regulatory normalization, noting potential capital relief via SLR and CCAR reforms. • Clients and boardrooms appear more accepting of macro uncertainty, contributing to a pickup in strategic and M&A dialogue. • Management cited improved investor sentiment, active dealmaking, and a functional IPO market as key catalysts entering the second half of 2025. • Strong sponsor and corporate activity, combined with a constructive market environment, support expectations for an acceleration in banking activity through 2026.  XXX engagements  **Related Topics** [eps](/topic/eps) [quarterly earnings](/topic/quarterly-earnings) [$ms](/topic/$ms) [morgan stanley](/topic/morgan-stanley) [stocks financial services](/topic/stocks-financial-services) [Post Link](https://x.com/LongYield/status/1946323796698517994)
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LongYield @LongYield on x 4474 followers
Created: 2025-07-18 21:38:48 UTC
$MS Morgan Stanley Earnings Call Key Highlights:
📊 Financial Performance and Returns • Morgan Stanley reported Q2 2025 revenues of $XXXX billion, EPS of $2.13, and a return on tangible common equity (ROTCE) of 18.2%. • The firm achieved a strong H1 2025 with $XXXX billion in revenue and $XXXX EPS, demonstrating resilience across multiple market backdrops. • Efficiency ratio for the first half stood at 70%, reflecting disciplined expense management, cost-saving from real estate exits, and productivity gains through technology investments. • Capital strength remained robust with a CET1 ratio of 15%, over XXX basis points above the forward requirement, enabling dividend growth and flexible capital deployment. 💼 Wealth Management Growth and Profitability • Wealth Management delivered record pretax profit of $XXX billion and a XXXX% pretax margin, underscoring operational leverage and scale benefits. • Net new assets reached $XX billion, despite a $XX billion seasonal tax outflow, while fee-based flows marked a record at $XX billion. • Continued investment in adviser support, technology enhancements (e.g., E*TRADE Pro), and the central workplace channel fueled growth across channels. • Total fee-based assets increased to $XXX trillion, with clients steadily shifting from brokerage to advisory accounts. 🌐 Institutional Securities Division Performance • Revenues reached $XXX billion, supported by a strong equities franchise and improving global capital markets activity in Asia and EMEA. • Equity underwriting revenues rose to $XXX million, showing strong recovery in IPOs, convertibles, and follow-ons late in the quarter. • Fixed income markets delivered $XXX billion in revenue, with strength in macro trading and secured lending offset by weaker credit spreads and lower commodities income. • Investment banking revenues totaled $XXX billion, with advisory at $XXX million and debt underwriting at $XXX million amid mixed macro sentiment. 📈 Investment Management Momentum • Revenues rose XX% YoY to $XXX billion, with total AUM reaching a record $XXX trillion. • Long-term net inflows totaled $XX billion in the quarter and $XX billion year-to-date, led by fixed income products and Parametric’s customized portfolios. • Asset management and related fees stood at $XXX billion, while performance-based income reached $XXX million, bolstered by infrastructure fund gains. • Liquidity and overlay services experienced $XXXX billion in outflows due to institutional redeployments into markets and CapEx. 🏦 Deposits, Lending & Net Interest Income (NII) • Bank lending balances rose to $XXX billion, driven by growth in securities-based lending and stronger adviser-client engagement. • Total deposits increased to $XXX billion, and NII remained stable at $XXX billion, reflecting steady sweep balances and moderate rate expectations. • Household lending penetration grew, supported by greater integration of portfolio solutions across the adviser-led channel. • The firm anticipates stable NII in Q3, barring significant changes in the policy rate, with a positive outlook tied to broader market engagement.
$MS Morgan Stanley Earnings Call Key Highlights: (2/2) 💹 Equities and Prime Brokerage Strength • Equities revenue totaled $XXX billion, driven by strong performance across cash, derivatives, and record prime brokerage revenues. • Average client balances reached all-time highs in prime brokerage, while increased trading volumes in EMEA supported cash equities growth. • Derivatives revenue improved YoY, as clients actively repositioned around tariff-related events and geopolitical developments. • The integrated and globally scaled equities platform enabled Morgan Stanley to maintain leading market share and capitalize on client flow volatility. 🏛️ Capital Allocation and Strategic Flexibility • Morgan Stanley raised its quarterly dividend to $XXXX per share and maintained a $X billion annualized share repurchase pace. • Incremental capital is being deployed into core growth areas: investment banking, Wealth Management, and markets – with focus on operating leverage and client-driven deployment. • Management emphasized prioritization of organic growth but remains open to high-bar inorganic opportunities that align with the firm’s core strategy. • Continued regulatory reform (e.g., new SLR proposal and CCAR evolution) is expected to unlock further capital flexibility. 🔗 Integrated Firm and Global Franchise Synergies • The strategy to raise, manage, and allocate capital across Wealth and Institutional businesses continues to deliver operating leverage and deeper client engagement. • Synergies between Institutional Securities and Wealth/Investment Management enhance client retention, broaden product access, and deepen relationships. • The firm's global scale, including strategic partnerships in Asia (e.g., MUFG), bolsters competitiveness in cross-border transactions and regional diversification. • Leadership reaffirmed the cultural commitment to firmwide integration, capital deployment discipline, and cross-business collaboration. 🔄 Inorganic Growth Outlook and M&A Commentary • Management emphasized that any acquisition must directly support the firm’s core strategic goals and exhibit strong cultural and operational fit. • Potential targets would need to add scale or new capabilities to the existing Wealth or Investment Management platforms without diluting focus. • Recent M&A examples (Eaton Vance, E*TRADE, Solium) illustrate Morgan Stanley’s preference for transformational rather than incremental deals. • Management noted the organic growth runway remains expansive, reducing urgency for inorganic expansion unless opportunities are highly synergistic.
📉 Credit Risk and Provisions • ISG lending provisions totaled $XXX million due to portfolio growth and a slightly weaker macro outlook. • Net charge-offs were $XX million, primarily from previously provisioned commercial real estate loans. • Credit exposure is being managed prudently, with lending expansion targeted toward high-quality counterparties and strategic client segments. • The firm continues to prioritize risk-adjusted returns in extending credit, with incremental lending tightly aligned to relationship growth. 📣 Regulatory Environment and Market Conditions • Leadership is increasingly optimistic on regulatory normalization, noting potential capital relief via SLR and CCAR reforms. • Clients and boardrooms appear more accepting of macro uncertainty, contributing to a pickup in strategic and M&A dialogue. • Management cited improved investor sentiment, active dealmaking, and a functional IPO market as key catalysts entering the second half of 2025. • Strong sponsor and corporate activity, combined with a constructive market environment, support expectations for an acceleration in banking activity through 2026.
XXX engagements
Related Topics eps quarterly earnings $ms morgan stanley stocks financial services