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The MReport Webcast: Tuesday 7/21/2015

Net revenues for Morgan Stanley reached $9.7 billion for the second quarter ending June 30, 2015, compared with $9.9 billion in the first quarter of 2015 and $8.6 billion a year ago, according to the company’s second quarter earnings statement released Monday.

Morgan Stanley noted that their revenues for the second quarter reflect robust performance in equity sales and trading, strong results in investment banking, and continued progress in fixed income and commodities sales and trading. According to the statement, net income for Morgan Stanley was $1.8 billion dollars, or 85 cents per diluted share for the current quarter, compared with net income of $1.9 billion dollars, or 92 cents per diluted share for the same period a year ago.

The American Enterprise Institute International Center on Housing Risk recently released a report, finding that first-time buyers account for 58.8 percent of primary owner-occupied home purchase mortgages with a government guarantee, up from 57.2 percent the prior June, according to the Agency First-Time Buyer Mortgage Share Index. In addition, the Agency First-Time Buyer Mortgage Risk Index (FBMRI) stood at a series record of 15.83 percent.

About Author: Jordan Funderburk

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