Morgan Stanley Q2 adjusted EPS USD0.45 vs. USD0.43 estimate

Wall Street investment bank Morgan Stanley reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.

Earlier in the day, in its second quarter earnings report, Morgan Stanley said adjusted earnings per share came in at USD0.45, above expectations for USD0.43.

The investment bank’s second quarter adjusted revenue totaled USD8.33 billion, beating expectations for revenue of USD7.89 billion.

Immediately after the earnings announcement, Morgan Stanley shares jumped 1.8% in trading prior to the opening bell.

Meanwhile, U.S. stock futures pointed to a steady open. The Dow Jones Industrial Average futures indicated a flat open, S&P 500 futures added 0.1%, while the Nasdaq 100 futures indicated a flat open.