Morgan Stanley Q4 EPS plunges 37% to $1.26
Morgan Stanley announced on Tuesday in its quarterly report that the revenue in the fourth trimester of fiscal 2022 stood at $12.7 billion, falling 12% on an annual level. Its diluted earnings per share landed at $1.26, plunging 37% year over year. Net income came in at $2.2 billion, declining from $3.7 billion recorded in the same period a year prior.
The full-year revenue in 2022 reached $53.7 billion, down from $59.7 billion recorded in 2021. For the same timeframe in 2022, net income amounted to $11 billion and saw an annual decrease of 26.6%. Diluted earnings per share for the full year stood at $6.15, down from $8.03 marked in the same period a year earlier.
"We reported solid fourth quarter results amidst a difficult market environment. Overall, 2022 was a strong year for the Firm," Chairman and CEO James Gorman stated. The investment bank's shares rose 1.27% in premarket trade after earnings topped analyst estimates.