Morgan Stanley Third Quarter 2023 Earnings Results

/ / Financials /

Morgan Stanley Third Quarter 2023 Earnings Results Morgan Stanley Reports Net Revenues of $13.3 Billion, EPS of $1.38 and ROTCE of 13.5% NEW YORK—-October 18, 2023– Morgan Stanley (NYSE: MS) today reported net revenues of $13.3 billion for the third quarter ended September 30, 2023 compared to $13.0 billion a year ago. Net income applicable to Morgan Stanley was $2.4 billion, or $1.38 per diluted share,(1) compared to net income of $2.6 billion, or $1.47 per diluted share,(1) for the same period a year ago. James P. Gorman, Chairman and Chief Executive Officer, said, “While the market environment remained mixed this quarter, the Firm delivered solid results with an ROTCE of 13.5%. Our Equity and Fixed Income businesses navigated markets well, and both Wealth and Investment Management produced higher revenues and profits year-over-year. We completed the integration of E*TRADE in the quarter, further executing on our strategy of building revenue

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Procter & Gamble (NYSE:PG) Reiterates FY24 Adj. EPS Guidance $6.25 – $6.43 Vs $6.38 Estimate, Sees Revenue Growth 2% – 4% Y/Y

/ / Consumer Staples /

Procter & Gamble (NYSE:PG)  Fiscal Year 2024 Guidance P&G adjusted its guidance range for fiscal 2024 all-in sales growth to be in the range of two to four percent versus the prior year. Foreign exchange is now expected to be a headwind of approximately one to two percentage points to all-in sales growth. The Company maintained its outlook for organic sales growth in the range of four to five percent. P&G maintained its fiscal 2024 diluted net earnings per share growth in the range of six to nine percent versus fiscal 2023 EPS of $5.90. This outlook equates to a range of $6.25 to $6.43 per share. The Company highlighted that it is maintaining the EPS range despite an incremental $600 million dollars after tax of foreign exchange headwinds since its initial fiscal 2024 guidance in late July.

Procter & Gamble (NYSE:PG) Reiterates FY24 Adj. EPS Guidance $6.25 – $6.43 Vs $6.38 Estimate, Sees Revenue Growth 2% – 4% Y/Y Read Post »

Nasdaq, Inc. (Nasdaq: NDAQ) Reports Third Quarter 2023 Results

/ / Financials /

NEW YORK, Oct. 18, 2023 — Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the third quarter of 2023. — Third quarter 2023 net revenues1 increased 6% compared to the third quarter of 2022. Solutions Businesses2 revenues increased 9%, with organic growth3 of 8%. — Annualized Recurring Revenue (ARR)4 increased 6% compared to the third quarter of 2022. Annualized SaaS revenues increased 11% and represented 37% of ARR. — Anti-Financial Crime revenue increased 21% compared to the third quarter of 2022. Growth reflects continued Verafin adoption by small and medium banks, an expansion with an existing Tier 2 financial institution, and Surveillance solutions customer growth including Tier 3 banks and retail brokers. — Third quarter 2023 GAAP diluted earnings per share increased 2% compared to the third quarter of 2022. Third quarter 2023 non-GAAP3 diluted earnings per share increased 4% compared to the third quarter of 2022. — Nasdaq

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