Research Desk Line-up: Interactive Brokers Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 19, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Morgan Stanley (NYSE: MS), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=MS, following the Company's reporting of its financial results on October 13, 2017, for the third quarter fiscal 2017. The Bank's total revenue increased 3% on a y-o-y basis and topped market estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Investment Brokerage - National industry. Pro-TD has currently selected Interactive Brokers Group, Inc. (NASDAQ: IBKR) for due-diligence and potential coverage as the Company announced on October 17, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Interactive Brokers when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MS; also brushing on IBKR. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=MS

http://protraderdaily.com/optin/?symbol=IBKR

Earnings Reviewed

For three months ended September 30, 2017, Morgan Stanley's net revenue increased 3% to $9.20 billion from $8.91 billion in Q3 FY16. During Q3 FY17, the Company's net interest income decreased 22% to $783 million from $1.00 billion in the same period last year. The Company's net revenue surpassed analysts' expectations of $9.00 billion.

During Q3 FY17, Morgan Stanley's compensation & benefits expenses increased 1% to $4.17 billion from $4.10 billion in Q3 FY16. For the reported quarter, the Company's marketing and business development expenses decreased 2% to $128 million from $130 million in Q3 FY16. During Q3 FY17, the Company's total non-interest expenses increased 3% to $6.72 billion from $6.53 billion in the same period last year.

For the reported quarter, Morgan Stanley's income from continuing operations increased 4% to $2.48 billion from $2.38 billion in Q3 FY16. For the reported quarter, the Company's effective tax rate was 28.1% compared to 31.5% in Q3 FY16.

During Q3 FY17, Morgan Stanley's net income increased 12% to $1.78 billion on a y-o-y basis from $1.60 billion in Q3 FY16. For the reported quarter, the Company's diluted EPS increased 15% to $0.93 on a y-o-y basis from $0.81 in Q3 FY16. The diluted EPS surpassed analysts' expectations of $0.81.

Morgan Stanley's Segment Details

Institutional Securities - During Q3 FY17, the Institutional Securities segment's net revenue decreased 4% to $4.38 billion from $4.55 billion in the same period last year. The segment's Investment Banking revenues of $1.3 billion increased from $1.1 billion in the year-ago corresponding period. For the reported quarter, the segment's income from continuing operations decreased 11% to $1.24 billion from $1.38 billion in Q3 FY16. During Q3 FY17, the segment's net income increased 1% to $973 million on a y-o-y basis.

Wealth Management - During Q3 FY17, the Wealth Management segment's net revenue increased 9% to $4.22 billion from $3.88 billion in the same period last year. In the reported quarter, the division's Asset management fee revenues were $2.4 billion, increasing from $2.1 billion in the year-ago same period; reflecting higher asset levels and positive flows. For the reported quarter, the segment's income from continuing operations increased 24% to $1.12 billion from $901 million in Q3 FY16. During Q3 FY17, the segment's net income increased 24% to $698 million on a y-o-y basis.

Investment Management - During Q3 FY17, the Investment Management segment's net revenue increased 22% to $ 675 million from $552 million in the same period last year. For the reported quarter, the segment's income from continuing operations increased 35% to $131 million from $97 million in Q3 FY16. During Q3 FY17, the segment's net income increased 70% to $114 million on a y-o-y basis.

Balance Sheet

For the reported quarter, Morgan Stanley's return on average common equity was 9.6% compared to 8.7% in Q3 FY16. For the reported quarter, the Company's book value per common share was $38.87 compared to $37.11 in Q3 FY16.

For the reported quarter, Morgan Stanley's tangible book value per common share was $33.86 compared to $32.13 in Q3 FY16.

During Q3 FY17, the Company repurchased 27 million shares for $1.25 billion. On October 17, 2017, the Company's Board of Directors declared a $0.25 quarterly dividend per share, payable on November 15, 2017, to common shareholders of record on October 31, 2017.

Stock Performance

At the closing bell, on Wednesday, October 18, 2017, Morgan Stanley's stock rose 2.10%, ending the trading session at $50.15. A total volume of 12.09 million shares have exchanged hands, which was higher than the 3-month average volume of 8.08 million shares. The Company's stock price soared 7.83% in the last three months, 18.00% in the past six months, and 55.17% in the previous twelve months. Moreover, the stock rallied 18.70% since the start of the year. The stock is trading at a PE ratio of 14.34 and has a dividend yield of 1.99%. The stock currently has a market cap of $92.66 billion.

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SOURCE: Pro-Trader Daily