Morgan Stanley (NYSE:MS) reported a second-quarter 2025 earnings of $2.13, up from $1.82 a year ago and beating the consensus of $2.02. Net earnings increased to $3.54 billion from $3.08 billion.
The U.S. bank reported revenue of $16.79 billion, up 12% year over year, beating the consensus of $16.11 billion.
Morgan Stanley’s provision for credit losses jumped to $196 million, primarily driven by growth in the corporate loan portfolio and
secured lending facilities, and the impact of a moderately weaker macroeconomic outlook.
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The firm’s expense efficiency ratio was 71% compared to 72% a …