Morgan Stanley reports Q2 EPS $2.13, consensus $2.01

Reports Q2 revenue $16.79B, consensus $16.04B. Reports Q2 tangible book value per share $47.25. Reports Q2 CET1 capital ratio 15%. Reports Q2 AUM $1.71T. Ted Pick, chairman and CEO, said, “Morgan Stanley (MS) delivered another strong quarter. Six sequential quarters of consistent earnings – $2.02, $1.82, $1.88, $2.22, $2.60 and $2.13 – reflect higher levels of performance in different market environments. Institutional Securities saw strength and balance across businesses and geographies. Wealth continues to deliver, adding $59 billion of net new assets and $43 billion of fee-based flows. Total client assets across Wealth and Investment Management reached $8.2 trillion. We announced an increase of our quarterly common stock dividend to $1.00 per share with flexibility to deploy incremental capital. The management team is executing across the Integrated Firm, acting as a trusted advisor to clients and driving durable growth and long-term returns for our shareholders.”