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Heurist Finance

Morgan Stanley authorizes $20 billion buyback and raises dividend following stress test success.

Yahoo Finance ·
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Morgan Stanley authorizes $20 billion buyback and raises dividend following stress test success.
  • Morgan Stanley announced a 15% increase in its quarterly dividend to $1.15 and reauthorized a $20 billion stock buyback program.
  • The capital return is supported by record performance in the Wealth Management division, which reached a 30.4% pre-tax margin and $7.4 trillion in total client assets.
  • A resurgence in capital markets activity, including major IPOs and equity raises, led to record first-quarter revenue of $10.7 billion for the Institutional Securities segment.

Quotes

“The capital return numbers grab the headlines, but the real question is what's generating this cash and how much upside remains.”— Yahoo Finance

Sources